Bullish Flattener

Bullish Flattener

A situation in which the yield curve for bonds is flattening. A bullish flattener occurs when long-term interest rates on bonds fall more rapidly than short-term rates so that the two begin to converge, resulting in a flat (or flatter) yield curve when it is plotted on a graph. This is considered a bullish indicator: it means investors believe stocks will rise in the short term, which causes the comparatively higher short-term rates. See also: Inverted yield curve, bearish flattener.
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The bullish flattener remained intact with yields 2.1 to 4.9 basis points lower along the curve as the long-end outperforms with Bunds.
Yields are 0.8-2.5 basis points lower along the curve, paced lower by the long-end amid a resumption of bullish flatteners. The 2s-30s spread narrowed 1.4 bp to +24.1 bp.