The confidence index is based on the difference between the yields on 3 month Treasury bills and the 10 Treasury bond.

Name: The confidence index is based on the difference between the yields on 3 month Treasury bills and the 10 Treasury bond.
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The confidence index is typically based on the spread between yields of high-grade bonds versus those of lower-grade bonds, reflecting investor confidence in the economy, not the difference between 3-month Treasury bills and 10-year Treasury bonds.

The Confidence Index Is Based on the Difference Between the Yields