The Yield Curve is Steep
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8-YxaKRXfGwvTgoITyJHLv86vWpMZWgItVa_14r55l_m7wOOwoL2V50QCH1_RmlALVrz1J-byzgoMJU-9xSUlie8JeenYi57i7T54aT6GsPEASNUpSUtiurZEXupVGE3iRanr/s400/YieldCurve.jpg)
This graph shows the difference between the 10-year and 2-year yields on Treasuries. In general, a steep yield curve--that is, a high value of this variable--is a positive indicator of future economic growth. In many ways, however, this is an unusual downturn, so it is not entirely clear to what extent historical relationships are a useful guide going forward.
<< Home