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How can I Track the Yield Curve?

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Chartists can track the yield curve by using the dynamic yield curve tool or the yield curve symbols. $YC2YR plots the difference between the 10-year Treasury Yield ($TNX) and the 2-Year Treasury Yield ($UST2Y). $YC3MO plots the difference between the 10-year Treasury Yield ($TNX) and the 3-month Treasury Yield ($UST3M). Even though the 10-year Treasury Yield surged in May, this long-term rate rose at a much faster rate than the short-term rate. This caused the yield curve to steepen, which is positive for the stock market and the banking sector.

130607yc2yr

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Click these images for live charts.
Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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