Episode
Why the Yield Curve Is Steepening Again in Mid-2026
- Published
- Jul 11, 2026
- Duration seconds
- 400
- Processing state
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Summary
The yield curve is steepening — but not for the reasons markets usually expect. In this episode of Economic Indicators with Fexingo, Lucas and Luna break down the divergence between the 2-year and 10-year Treasury yields, what the rising term premium signals about fiscal risk, and why this steepening might be more about supply than growth. With the 10-year yield at 4.57% and the 2-year at 3.69%, the spread has widened to nearly 90 basis points — the steepest since early 2023. Lucas explains the role of quantitative tightening, the government's funding needs, and what history says about steepening curves during late-cycle expansions. A focused look at one bond-market signal that investors shouldn't ignore. #YieldCurve #TreasuryYields #TenYearYield #TwoYearYield #BondMarket #TermPremium #QuantitativeTightening #FiscalPolicy #FederalReserve #EconomicIndicators #MacroEconomics #InterestRates #Investing #MarketSignal #FexingoBusiness #BusinessPodcast #EconomicsExplained #SteepeningCurve Keep every episode free: buymeacoffee.com/fexingo