Compare interest rates of December 2008 yield curve with that of March 2020. What does this indicate?

 

Home Paste Chart 3 A 1 Date 2 3 4 5 Insert X 3/31/93 3/30/98 3/28/02 12/15/08 6 3/29/19 7 3/25/201 8 9 10 X 1 Mo Draw Page Layout Calibri (Body) B BIU V N/A N/A 1.76 0 2.43 0 fx | C 2 Mo | N/A N/A N/A N/A 2.44 0 V 10 V D 3 Mo Formulas 2.95 5.18 1.79 0.03 2.4 0 V | Av A A 6 Mo E 3.09 5.3 2.12 0.28 2.44 0.07 1 Yr Data F Review == 3.32 5.44 2.7 0.5 2.4 0.19 = = = = = 2 Yr G View 3.96 5.65 3.72 0.75 2.27 0.34 3 Yr H 4.42 5.69 4.31 1.02 2.21 0.41 Chart Design ab Wrap Text v 5 Yr Merge & Center v 1 5.24 5.7 4.91 1.5 2.23 0.56 Format J 7 Yr 5.72 5.79 5.29 1.92 2.31 0.77 General K 10 Yr Tell me V % 90 L 20 Yr 6.03 N/A 5.72 5.42 2.53 2.41 0.88 6.06 6.03 3.29 2.63 1.23 .00 .0 M 30 Yr Conditional Formatting a 6.931 5.98 N/A! 2.98! 2.811 1.451 N