Looking at slope of the yield curves 10 - years to 2 - years, the Treasury curve has widened 20 bp and the swap curve 23 bp. (alephblog.com)
As maturing proceeds are reinvested at the end of the ladder, the yield of the portfolio is greater than what would be expected by the average maturity of the bond portfolio because of the positive slope of the yield curve. (aaii.com)
While the slope of the yield curve today may point to more modest returns in future years, we believe the bull market still has room to run. (blackrockblog.com)