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The Bond Market Wrecking Ball Shocks Markets | Round Up

Inflection Point

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The Bear Market Steepener

When you have an inverted yield curve, what you can get is either a bull market or a bearish steepener. Bearish steepener occurs when the long end of the Curve rises but the short end stays exactly where it is. And I think what we're seeing here, correct me if I'm wrong, Mark, is a bearist steepener. For sure. But now the question is, are those rising rates on the long end an indication that, wow, things are really getting better and things are going to heat up?

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