The we show below the yields by duration of maturity by date. We can see the creep in the short terms rates as well as the spreads in longer term rates.
Then we show thew spread over time between the two levels as below:
The we show the spread and the spread specifically of the two benchmark rates. The spread has been constant for the past several weeks.
Finally we show the spread over time below. This is an alternative view.
This indicates we have seen a stable market for funds and that there is no significant creep upwards. We will look at the CPI, PPI and estimated inflation with the next issuance of the GDP for Q1 2010.
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