The yield curve has steepened over the last month and remains steeper than this time last year, being higher at the long end and lower at the short. Two closely watched spreads, the 3-year. 3-month and 10-year, 3-month, stand at 87 and 124 basis points, at or slightly above their 30-year averages of 80 and 125 basis points.
Suggested citation: “Interest Rates,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-01, pp. 06, 01.01.1997.