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The 10y-3m spread reflects, among other factors, the difference between expected policy rates over the next ten years and the current rate. The 10y-2y spread

The 10y-3m spread reflects, among other factors, the difference between expected policy rates over the next ten years and the current rate. The 10y-2y spread is mostly driven by expectations of policy rates between two and ten years from now. This difference makes the 10y-3m a more comprehensive and thus preferable measure of the slope of the yield curve. True

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