✅ 𝗚𝗔𝗦 𝗪𝗲𝗲𝗸𝗹𝘆 𝟭𝟱𝘁𝗵-𝟭𝟵𝘁𝗵 𝗙𝗲𝗯 𝟮𝟬𝟮𝟭 ✅
𝗪𝗲 𝗵𝗮𝗱 𝗮 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗰𝗼𝗿𝗿𝗲𝗰𝘁𝗶𝘃𝗲 𝘄𝗲𝗲𝗸. 𝗧𝗵𝗲 𝗺𝗮𝗷𝗼𝗿 𝗱𝗿𝗮𝗴 𝗼𝗻 𝗲𝗾𝘂𝗶𝘁𝗶𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸 𝘄𝗮𝘀 𝘁𝗵𝗲 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝗱 𝗿𝗶𝘀𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝘆𝗶𝗲𝗹𝗱𝘀 𝗮𝗰𝗿𝗼𝘀𝘀 𝗮𝗹𝗹 𝗺𝗮𝗷𝗼𝗿 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗱 𝗰𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀. 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝘀𝗲𝗮𝘀𝗼𝗻 𝗮𝗹𝘀𝗼 𝘀𝗹𝗼𝘄𝗹𝘆 𝗺𝗼𝘃𝗲𝘀 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝘁𝗵𝗲 𝗲𝗻𝗱. 𝗦𝘁𝗶𝗹𝗹 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝘀𝘁𝗮𝘆𝘀 𝗳𝘂𝗹𝗹𝘆 𝘂𝗻𝗱𝗲𝗿 𝗰𝗼𝗻𝘁𝗿𝗼𝗹. The US yield curve widened up to 134bps. Similar steepening of the curve happened in…