<script type="text/javascript" src="https://pppbr.com/bnr.php?section=Footer46860&pub=543549&format=728x90&ga=g&bg=1"></script>
<noscript><a href="https://yllix.com/publishers/543549" target="_blank"><img src="//ylx-aff.advertica-cdn.com/pub/728x90.png" style="border:none;margin:0;padding:0;vertical-align:baseline;" alt="ylliX - Online Advertising Network" /></a></noscript>
The front-end is the tail wagging the fixed income dog; when hike conviction increases, the long-end tends to flatten, and vice versa. Curve flattening may seem contradictory to rising inflation swaps, but we think it is justified by central bank caution.
...read full article on Seeking Alpha
