As you move to the longer end of the curve, you get paid more and more yield for investing in longer maturity securities. (blackrockblog.com)
For securities of similar credit quality, you typically get paid the highest interest rate for purchasing the longest maturity security. (blackrockblog.com)
In general terms, if you own short maturity securities, you could benefit when the yield curve steepens as short - term rates are likely falling, or at least rising less than longer - term yields. (blackrockblog.com)