A key economic indicator — the spread between yields per year among two-year Treasury notes and 10-year Treasury notes — is at its lowest level since October at 0.97 percentage points apart, CNBC reports.
What it means: That indicates bond investors might not fully believe the idea that the economy is getting stronger. That's because longer-term bonds tend to get greater yields than shorter-term bonds, so this small spread indicates a lack of confidence in the ability of the economy to grow.
Caveat: Some economists note the change might just be due to Fed policies.
