(CNBC) As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation might be a risk. The metric the bond market is watching is the Treasury yield curve, or the difference between rates on various maturities, now at its steepest level since May 2017.A steepening curve is typically viewed as a positive sign for the economy
This metric suggests there’s an economic boom ahead — and possibly inflation
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