The yield curve has steepened to where 10-year yields exceed 2-year yields by 52 basis points. That's a healthy margin. This steepening shows Fed policy finally feeding through to the long end of the curve. Rising inflation expectations seem to be the catalyst.
The late cycle rate hike regime
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.