The invention provides tussah silk blended yarn. The tussah silk blended yarn comprises, by weight, 20% to 30% of mulberry silk, 20% to 30% of modal long fibers and 40% to 50% of tussah silk. The invention further provides a spinning process of the tussah silk blended yarn. The spinning process comprises the steps of blow carding, drawing, roving, spinning and spooling. A compact siro spinning mode is adopted, the advantages of siro spinning and compact spinning are combined in compact siro spinning, the evenness CV value and nub and snick indexes are very good, the single thread strength is high, the structure is compact, wear resistance is good, less hair is generated, the amount of harmful hair of 3 mm or above is extremely small, the yarn is smooth and clean, and the fabric quality ishigh. The yarn made through the process can be used for making common underwear, bath towels and other comfortable, soft and high-moisture absorption textile raw materials next to the skin.