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#10 - A steeper curve to create a recession - Guest: Bob Elliot

Macro Mondays

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The Dollar Yield Curve in Relation to Inflation

I wanted to get your take on the dollar yield curve in relation to this inflation discussion. We've had early moves towards the steepening of the curve over the past two weeks, and then sort of a reversal of that trend over the past week again here. It seems like the market is sort of struggling to find direction in terms of flattening versus steepened of the curve. So given your view on structural inflation, where do you see the curve that you're heading here?

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