Fixed Income Monthly Commentary – February 2021

The bear steepening of the Treasury yield curve, in which longer-term rates increase more than shorter-term, not only continued but accelerated in February as reopening efforts, vaccine distribution improvements, and prospects of additional fiscal stimulus buoyed optimism for economic growth. For the month, 5+ year Treasury rates increased 30-40 basis points with the 10-year yield reaching an intra-day high of 1.61% before ending February at 1.41%. By comparison, …

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Veritable Notes

Published on // March 15, 2021
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