The yield curve has been on its steepening trend for a year now. A steepening yield curve brings major changes – which the lesser attuned herds are now trying to figure out – to the macro from the flattener that was in play from 2011 to 2019. Said changes will either be inflationary, deflationary or a macro milkshake of both until one finally wins out.
Is 10/2 making a little hint now?
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