The yield curve is flattening rapidly. Now look at the spreads:
The above is longest to shortest.
The above is a more reasonable set of points but again notice the collapsing.
What does this mean?
1. Our debt is short term, namely we now must pay more in interest.
2. Long term reflects growth, which is stagnating. Yet GDP seems to reject that. Perhaps the bloat on the FED BS.
3. This is also a warning for a recession. Hold on to your hats!