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How much curve steepening will the Fed allow?

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The Fed has not provided specific guidance on long-term rates. Will likely wait for clarity on additional fiscal support before taking next policy steps. The market could test the Fed's resolve and push yields higher. The 10-year yield could hit 1.00% and the 30-year could touch 2.00%. Fed's TIPS share to keep rising.

Ned Davis Research | Fixed Income | Focus | Bi-Weekly

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