2019 Yield Curve Spread Comparisons

Prior to the last two stock market collapses the yield curve inverted: short term rates were higher than longer term ones.

It's happening again.

The yield curve inversion at the same point before the the 2008-2009 Financial Crisis is more extreme, at a much lower level of interest rates

The current yield curve spread between the 3-month and 10-year yields has jumped around a lot but the trend has been clear: steeper and steeper inversion.

The progression of the spread at the moment seems much more rapid than last time

The two spread curves are looking more-and-more similar except at the very long end