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A
Alex Rivera
FX and rates analyst covering G10 and emerging markets.
Jun 1, 2026 · 24d ago
1 min read2 views Federal Reserve Inflation
Treasury Curve Resteepens
The U.S. yield curve moved toward dis-inversion this week as the long end sold off faster than the front.
The Drivers
- Heavy issuance of longer-dated paper is pressuring prices.
- Term premium is rebuilding after years of compression.
- Inflation stickiness keeps the front end anchored.
Why It Matters
A resteepening driven by rising long yields ("bear steepener") tightens financial conditions and can weigh on rate-sensitive equities.
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