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The markets are challenging the central banks' attempts to repress interest rates. Yield curves in the U.S. and Europe are steepening. The 2s-10s yield curve slope for the U.S. is the steepest in three years.  This could be due to one of three reasons:
\n1.) Improved growth prospects,

2.) Increased inflation risk,

3.) Increased credit/default risk.
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\nToday\u2019s episode investigates these three possible explanations, to determine the primary driver and its implications.