Sentences with word «steepening»

Usually upward - sloping (meaning the yields on long - term maturities are higher than the yields on short - term maturities because of the term premium * for holding long - term bonds), the yield curve steepens when yields are expected to rise and flattens, or even inverts, when yields are expected to fall.

The broader implications of steepening yield curves globally go way beyond the narrow technicalities of the altered scope of ECB or BoJ quantitative easing (QE).

Combined, you would then see a further steepening of the yield curve, which could drive cap rates higher — without a concomitant increase in economic activity this could be a major negative for property values,» he says.

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.

The treasury yield curve actually steepened in initial reaction to the FOMC announcement.

With inflation taking root and growth picking up, we believe bond yields have bottomed, and yield curves are likely to steepen further in 2017.

Positions that have recently come undone include betting on steepening yield curves and inflation expectations (inflation - linked over nominal bonds)-- and in equity markets, picking value over growth shares.

The combination of these two events means that the yield curve should steepen with anchored short - term rates and increasing intermediate to long term rates.

These waves propagated freely over the reef flat and even steepened at the beach into a turbulent breaking wave, which destroyed the town's seawall and many houses behind it.

A major shortcoming is a reduced Color Gamut, but the iPad 2 improves on - screen image color saturation by steepening its intensity scale — a simple trick the other displays fail to implement.

The Galaxy Tab has a similar approach but starts off close to the Standard Intensity Scale and then progressively steepens for increasing image contrast and color saturation.

If the events above do come into play, the yield curve could steepen even further as moves in the Fed funds rate are influencing short - term rates, while macro factors are driving longer - term rates.

In the first five weeks of 2018, the Canadian and U.S. yield curves have actually steepened from the December lows amid rising inflation expectations, a repricing of monetary policy expectations, the passing of a potentially game - changing U.S. tax reform bill and other fiscal stimulus measures, and heightened optimism around the progress of NAFTA negotiations.

The curve began steepening later with expectations of stronger growth, underscoring our preference for cyclicals, namely financials and technology.

The curve began steepening late in the year with expectations of stronger growth.

But 30 feet ahead the angle of ascent steepened abruptly.

But then something happens and the incline steepens, rising faster each year.

Dallas Federal Reserve Bank President Richard Fisher said on Thursday that the yield curve often steepens after a period of flatness heralding an economic recovery, but in this case is it likely a combination of factors.

The yield curve might not dramatically steepen anytime soon, a top executive at UBS Wealth Management said.

The yield curve, which had been extraordinarily flat, steepen sharply, as prices of longer - dated bonds sagged.

But we prefer shorter - duration Treasuries, as policy shifts that steepen global yield curves make us cautious of longer - duration U.S. government bonds.

Firming inflationary expectations could add to these curve - steepening pressures.

Feedbacks are also kicking in much faster than earlier expectations, show these should also steepen the curves a bit at least.

Like their predecessors, Bolin and Eriksson ran the calculations regarding possible temperature changes for a doubling of carbon dioxide, but this time assuming emissions would increase and increase yet more on an ever - steepening upward path.

Despite a typical hiking cycle causing a flattening of the yield curve, we are potentially embarking on a path where yield curves may steepen significantly, as the Fed may be concluding that financial conditions (i.e. stock prices) can only be impacted by engineering a steeper yield curve and higher term premium.

While there has been a sharp deterioration in the U.S. fiscal outlook, this has been evident for months and the dramatic steepening of the curve only occurred this week.

Most global - government yield curves steepened over the month.

At the top, the trees thinned out and the slope steepened considerably, giving rise to a bizarre troll - kingdom of craggy rock pillars and gaping caves.

Interest rates will be gradually rising as central banks wean the markets off accommodation, while the steady rise in stocks could see a correction if the bond yield curve doesn't steepen or if some political deals and promised fiscal measures hit roadblocks.

The high yield rally that we have seen since 2016 until now might not be viable in the next few years as the Federal Reserve steepens interest rate hikes and the cost of funding increases (as we explained a few weeks ago).

In 2007 the sea ice decline steepened abruptly to reach a new record low.

This has caused the yield curve to flatten, but with global reflationary trends and the broad shift from monetary to fiscal policy, the yield curve may again steepen.

In addition, they argued, the curve will likely steepen as the U.S. government runs a bigger deficit and issues more debt, they said.

Williams, who will leave his current job as San Francisco Fed president in June to take over at the New York Fed, also said he expects the Fed's shrinking balance sheet will help steepen the curve by putting upward pressure on longer - term rates.

The S&P 500's surge into the new year — which followed an upturn in August and an earlier steepening of the ascent after Thanksgiving — registered some of the highest momentum readings on record.

A pessimistic reader could certainly identify gloomy ingredients for the «perfect storm»: the potential for a painful steepening of bond curves, after a sustained flattening as in 2003, coupled with monetary tightening; and a multi-year period of sustained losses due to a structural return of inflation as in 1967.

[T] he sudden steepening of the JGB curve from the middle of 2003 posed a new set of challenges: calibrated risk management structures, known as «Value - at - Risk» models, required banks to shed JGB assets once their price started plummeting.

If historic trajectory and pace of flattening tells us anything about the future, it's that the curve could continue to steepen before flattening further.

There are certainly risks to that view, and I do think that we're likely to see periodic bouts of steepening within that broader trend.

So when the back end sells off and the curve starts steepening, it's usually because people start to worry about inflation.

«Given the position bias for flattening, periodic steepening corrections should be expected but don't signal a change in view, but rather a case of ringing the register after which there will attempts to justify the price action with something more cerebral until we revert to flattening.»

Rates subsequently bear steepened as long - end led the weakness, but renewed decline in risk sentiment managed to create a soft ceiling for bond yields, and the rates market rallied into the close.

Financial markets reacted swiftly to the changes in the SEP «dot plot» as the yield curve bull steepened to push 5s30s from 128 to 133 bps.

So people were actually selling the long end of the curve and were getting steepening, but then when they commenced upon more buying nobody was willing to take on the Central Bank, the Fed.

In recent weeks the yield curve has already steepened somewhat, perhaps anticipating such a move.

As a debate rages over the appropriate law enforcement response to subway fare evasion, in Albany, a bill steepening the penalty for certain subway sex offenses is getting another look.

The energy coming off the strait's two ridges steepens as it moves toward China, evolving from a rolling wavelength to a steep «saw - tooth» pattern, Legg said.