If the FRED T10Y3M series (10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity), measured in percent (not seasonally adjusted), on any daily observation dated between Issuance and Dec 31, 2026 (inclusive), is above 0.75%, then the market resolves to Yes. Intraday moves do not count; only FRED’s single published daily value is used.