CONVEX
Historical Year Data · 2025

Baa-10Y Treasury Spread in 2025

Baa-10Y Treasury Spread opened 2025 at 1.45% and closed at 1.72%, a +18.62% move for the year. The high of 2.02% was reached on April 7, and the low of 1.42% on January 10.

Open
1.45%
2025-01
Close
1.72%
249 data points
High
2.02%
Apr 7
Low
1.42%
Jan 10
Full Year Change
+18.62%
2024 Change
-12.35%

Monthly Breakdown

MonthOpenCloseHighLowChange
Jan1.45%1.45%1.48%1.42%+0.00%
Feb1.46%1.57%1.57%1.44%+7.53%
Mar1.61%1.76%1.76%1.57%+9.32%
Apr1.73%1.96%2.02%1.73%+13.29%
May1.95%1.84%1.95%1.80%-5.64%
Jun1.84%1.75%1.84%1.71%-4.89%
Jul1.72%1.67%1.73%1.67%-2.91%
Aug1.75%1.80%1.80%1.69%+2.86%
Sep1.81%1.67%1.81%1.64%-7.73%
Oct1.69%1.69%1.72%1.61%+0.00%
Nov1.71%1.78%1.82%1.70%+4.09%
Dec1.78%1.72%1.78%1.72%-3.37%

Events During 2025

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