Disinversion By Bear?

The key question on the heels of this summer's dramatic escalation in what's now the worst long-end US bond selloff in a generation, is when something will break. A kind of corollary asks when we can expect to see the recessionary bull steepener. Remember, you don't fear the inversion, you fear the re-steepening, and the rationale is straightforward: The bull steepener means investors are anticipating rate cuts typically because the market suspects something is about to wrong (or in some cases