
Click on graph for larger image.
The yield curve has definitely flattened out with a small inversion in the 6 months to 3 year time frame.
For some perspective, and a long term graph, see Dr. Kash's Interest Rate Update. To add to Kash's graph, the current spread between the 10 year yield and 6 month yield is -0.12.
For more long term graphs, see Dr. Hamilton's Inverted yield curve edges closer also from last November.