The above is a comparison of the Yield curves for the past few years. The current yield curve as of yesterday reflects a reasonable trend with no significant or drastic rise. The FED action seems to be moderate even though they are backing off.
The above demonstrates the two key measures and the spread. The spread has remained constant for a while which shows stable expectations. We again show this below:
It is a reasonable and stable spread. In a sense this may be a return to some slow normalcy.