Since April, the yield curve has shifted upward and steepened, but it remains fairly flat by historical standards. The 3-year, 3-month spread increased from 62 to 78 basis points, and the 10-year, 3-month spread from 77 to 91. These remain below the historical averages of about 80 and 120 basis points.
Suggested citation: "Interest Rates," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-06, pp. 06, 06.01.1999.