![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGtL9KoEgKCNOfOCqiYhip6gHYkg3TKd2oY-ekd3BdxHTZoqo0vTORq8YKArJM4_GgIdgwpYTKoEx2_xX-UoE8vlU69j5QdcPcbYMF68-uRC1BuiLLYJyUeuBxEsH6ZrkO87mX4JQpNW8/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.
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