Interest Rates · Yield curve

Yield Curve - 10-Year minus Fed Funds (since 1962)

YearAverageYear close
19621.24%0.84%
19630.84%0.89%
19640.71%0.21%
19650.23%0.02%
1966−0.13%−0.36%
19670.88%1.20%
19680.01%2.16%
1969−1.41%2.88%
19700.21%3.50%
19711.49%2.89%
19721.78%0.91%
1973−1.86%−2.93%

Source: FRED T10YFF (10-Year Treasury Constant Maturity Minus Federal Funds Rate). Federal Reserve Bank of St. Louis.

Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).

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