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The 10-year, 3-month spread turned negative most recently in October 2022. In May 2023 the spread had declined to -1.74%, the most negative it had

The 10-year, 3-month spread turned negative most recently in October 2022. In May 2023 the spread had declined to -1.74%, the most negative it had been since the early 1980s. As of August 2023, the spread stood at a negative 1.39%. Historical record predicts an economic recession following such a prolonged inverted yield curve. Whether this time is different remains to be seen.\ \ Question 3.55\ HomeworkAnsweredDue Today, 11:59 PM\ \ What was the Treasury yield spread between the 3 month and 10 year Treasury yields as of August 2023? Answer in percent showing two decimal places.

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