As the yield curve steepens under inflationary pressure…
Another day, another new high in the yield curve steepening, as everybody knows now that inflation is the play.
But dialing out to a longer-term view we might at least consider that if volatility manifests in the yield curve the last time it happened at a level the curve is now approaching there was a not so well expected outcome as the steepening resolved deflationary in 2008. Not predicting, just nerding out on some pictures for you.
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