# Why the Yield Curve Is Steepening Again in Mid-2026

Page: https://stenobird.com/podcast/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725/why-the-yield-curve-is-steepening-again-in-mid-2026
Text version: https://stenobird.com/podcast/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725/why-the-yield-curve-is-steepening-again-in-mid-2026.md
Podcast: [Economic Indicators with Fexingo: GDP, CPI, PMI, and Reading the Macro Data](https://stenobird.com/podcast/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725)
Published: 2026-07-11T06:05:50+00:00
Episode link: https://audio.fexingo.com/business/economic-indicators/episode-0107.mp3
Audio file: https://audio.fexingo.com/business/economic-indicators/episode-0107.mp3
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JSON: https://stenobird.com/v1/public/podcasts/economic-indicators-with-fexingo-gdp-cpi-pmi-and-reading-the-macro-data-7871725/episodes/why-the-yield-curve-is-steepening-again-in-mid-2026
Duration seconds: 400

## Resource

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

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