Folks...lets chat about the Yield curve, specifically the shape of the US Treasury yield curve from 3 month Treasury Bills to 30 Year Treasury Bonds. (for example, if the yield on the 3 month bills is 2.00% and the yield on the 30 bond is 5.00%, the yield curve is the difference between the 2 securities and this equals 300 basis points). What does the shape of the Treasury yield look like today? Is it flat, steep or declining? How has the shape of the yield curve changed over the last 6 months and what predictive power does this yield curve have for the future of the economy. Additionally, what about corporate bonds? Talk to me about the yield spread - this means the extra yield an investor can get for a corporate bond versus a Treasury Bond (for example, if the 10 year treasury bond is yielding 3.00% and a 10 year JP Morgan bond is yielding 4.50%, the spread is 150 basis points. Over the 6 months has the spread narrowed or widened and what does this tell you about perceived risk in the economy?