Interest rates have moved up since last month, and the yield curve has steepened. The yield on 30-year bonds have increased 31 base points, (to 6.89%); the 3-year, 3-month spread stands at 99 base points, and the 10-year, 3-month spread is at 144.
Suggested citation: “Interest Rates,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-02, pp. 05, 02.01.1997.