After having spent most of August at lower levels, the yield curve has recently shifted up to where it stood at the end of July. The 3-year, 3-month spread and the 10-year, 3-month spread have both widened slightly, moving to 118 and 161 basis points, still well above their 30-year averages of 80 and 120.
Suggested citation: “Interest Rates,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-09, pp. 05, 09.01.1996.