Bad Steepening Bills and Europe’s Possible Self-Reinforcing Recession Processes

By |2019-06-04T17:51:35-04:00June 4th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Normally, it’s a very good sign when the yield curve steepens. If longer-term rates are rising faster than those on the shorter end of the curve, it would say the bond market is forecasting a better probability of normal. Given where interest rates have been the last decade plus, this kind of steepening is what [...]