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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.
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Click these images for live charts.