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A comment on 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity. Parent comment

Re:10-Year Treasury Constant Maturity Minus 3-Month Treasury... by ianai on Sunday June 02, 2019 @03:13PM (#20077379)
It’s dangerous to reason about this without a white board, but I think that means the negative difference between 10y and 3 mo would be decreased by the fed not reinventing in long term securities.
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Re:10-Year Treasury Constant Maturity Minus 3-Month Treasury... by nickles on Sunday June 02, 2019 @03:22PM (#20077426)
> I think that means the negative difference between 10y and 3 mo would be decreased by the fed not reinventing in long term securities.

When the value of the spread between a long dated (e.g. 10Y) and a short dated (e.g. 3m) instrument increases, the yield curve is referred to as 'steepening'. When this spread decreases (even when becoming more negative), the curve is said to 'flatten'.

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Re:10-Year Treasury Constant Maturity Minus 3-Month Treasury... by FabHK on Sunday June 02, 2019 @06:37PM (#20078814) 

  / steep
  - flat
  \ even flatter
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