Bear steepening continues as 10-year yield rises
The bear-steepening trend continued on Monday, even as analysts say the selling in long-term bonds may have gone too far. Bear steepening refers to long-term interest rates rising at a faster rate than short-term securities. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 5.13%, up 3 basis points. Yields move in the opposite direction to prices. The yield on the 10-year…
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