Bull Steepener

外汇网2021-06-19 14:10:37 38

A change in the yield curve caused by short-term rates falling faster than long-term rates, resulting in a higher spad between the two rates.

|||A steepener differs from a flattener in that a steepener widens the yield curve while a flattener causes long-term and short-term rates to move closer together. When the yield curve is said to be a bull steepener it means that the higher spad is caused by the short-term rates, not long-term rates.

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