2-year/10-year slope

Table shows the 2-year/10-year slope's average relative return resulting from various starting yield curve slopes. When the star
Starting yield curve slope
Less than zero
Between 0 and 100 basis points
Between 100 and 200 basis points
Above 200 basis points

Disclosure Title

Source

Disclosure

Bloomberg.

Relative returns compare the average 12-month total returns of the Bloomberg U.S. Corporate High-Yield Bond Index (LF98TRUU), Bloomberg Intermediate Treasury Index (LT08TRUU Index) and the Market Matrix US Sell 2 Year & Buy 10 Year Bond Yield Spread (USYC2Y10 Index) depending on the starting slope of the 2-year/10-year Treasury yield curves, using monthly data from January 1984 through March 2022. Past performance is no guarantee of future results.