Inflation, Not Trump, Driving US Yield-Curve Steepening... And There's More To Come

The steepening of the US yield curve has legs to run in the coming months, according to Bloomberg macro strategist, Ven Ram.

Traders have become seemingly indifferent between the two- and 30-year points on the Treasury curve, with the two maturities yielding roughly the same today at around 4.44% - the first time the curve has disinverted since January.