What is 'Bear Steepener'
Bear steepener is the widening of the yield curve caused by longterm rates increasing at a faster rate than shortterm rates. This causes a larger spread between the two rates as the longterm rate moves further away from the shortterm rate.
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BREAKING DOWN 'Bear Steepener'
This widening yield curve is similar to a bull steepener except with a bear steepener this is driven by the changes in longterm rates, compared to a bull steepener where shortterm rates have a greater effect on the yield curve.
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