Mapping seasonality vs the macro regime
Could you explain you think it’s a bull steepener right now when bonds are dropping wouldn’t it be a bear steepener??
@capitalflows
steepener because the spread is rising and bull because yields are falling-i.e bonds up
Yields have been rising and bonds have been falling for literally the last 2.5 years
In the last couple of trading sessions overall yields have been falling (bonds up), but short-term yields are dropping faster than long-term yields, so the curve is steepening
My brother, he has been speaking of bill steepener for 5 months.
Pairing your Macro with volume leaders to see the large institutional prints (activity) = 🧠
Could you explain you think it’s a bull steepener right now when bonds are dropping wouldn’t it be a bear steepener??
@capitalflows
steepener because the spread is rising and bull because yields are falling-i.e bonds up
Yields have been rising and bonds have been falling for literally the last 2.5 years
In the last couple of trading sessions overall yields have been falling (bonds up), but short-term yields are dropping faster than long-term yields, so the curve is steepening
My brother, he has been speaking of bill steepener for 5 months.
Pairing your Macro with volume leaders to see the large institutional prints (activity) = 🧠