- The 2020 inflation logically featured a steepening yield curve as the Fed wooed the inflation by pinning the short end while the long end started to elevate yields.
- The 2021-2022 version of inflation features a hard flattening yield curve as the market demands a more hawkish stance by the Fed, which has thus far remained dovish.
- Approaching inversion, the yield curve is among several indicators we are using to gauge a coming deflationary reversal of events or 'crack-up-boom' intensification into 'Hellflation'.
For further details see:
The Yield Curve 'Flattener' And A Coming Transition