The yield curve has steepened slightly since last month. It remains nearly linear - much as it looked at this time last year. Clearly, fears of an inversion in January did not play out. Two closely watched spreads - the 10 year, 3 month and the 3 year, 3 month - stand at 143 and 100 basis points, above their historic averages of 125 and 85.
Suggested citation: “Interest Rates,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-05, pp. 05, 05.01.1996.