Steepening yield curves in March – looking beyond the Covid-19 crisis?

Government bond yields and yield curves proved highly volatile in March as the colossal and unique economic shock caused by the coronavirus unfolded globally. As seen in the chart below, yield curves steepened in most markets, with the largest moves seen in the US, as 10-year government bond yields backed up from early March, and short-dated government bond yields fell rapidly.

Read the full blog post now at the link below