Fixed Income Market and the 2 in 10 Year Bonds

When you talk about bonds changes in the bond pricing use basis points. 100 points equals 1%. For example, if I say a bond went down 50 basis points, basically I am saying it went down ½ %. One of the best indicators of the health of the economy is the spread between the 2 in 10-year bond.  I tracked this on a daily basis and usually the spread is 200 basis points. Typically, the 2 year is at 2% and the 10 year is at 4%. However, in recent years the spread has hovered around 100 basis points, and currently in 2017 was at a low of 75 basis points. I am very concerned about the spread between the 2 in 10 year, but maybe due to the structural changes in the economy this tightening of the spread will not lead to catastrophe as it has in the past.