The regional bank crisis and its implications for bonds
Insights Now
00:00
The Downwardly Sloping Yield Curve
This particular economic situation and the Fed's response to it has left us with a pretty sharply, downwardly sloping yield curve. We do believe that we are shifting from a regime of curve flattening to one of curve steepening. So what we're seeing right now is the curve becoming less inverted as the market anticipates rate cuts. Now you don't tend to see that aggressive steepening or move back into positively sloping territory until the Fed actually starts to cut rates.
Transcript
Play full episode
