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5. US 1-10 Treasury Yield Spread — Through October 12, 2018 4 US 1-10 Treasury Yield Spread During 2018 3 1.25 2 1.0 - 0.8 | 3 0.51 ne} . 0.6 - ° 0 0.51 a 04 | ad wv) “1 0.2 - -2 0.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct -3 4 193 19%0 1%7 1974 191 188 195 202 209 2016 Source: Investment Strategy Group, Bloomberg. 6. “Near-Term Forward Spread”* — Through October 12, 2018 “Near-Term Forward Spread” During 2018 1.25 2 1.0 - x 0.8 4 0.78 31 ® al 0.6 - ee a ” 0.4 - 0 0.2 - 0.0 -1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct -2 1996 1999 2002 2005 2008 2011 2014 2017 *“Near-Term Forward Spread’ is the implied 3-month forward yield 18-months from now. Source: Investment Strategy Group, Bloomberg. 6 HOUSE_OVERSIGHT_026914