Meanwhile, when the yield curve is steeply upward sloping…

Meanwhile, when the yield curve is steeply upward sloping, it means bondholders can earn a high coupon for lending for long periods, and that any interest rate surprises resulting in lower yields will send long-dated bond prices surging.

— from The Flight Plan (Purpose/Wisdom/Risk) · Humble Investor: How to Find a Winning Edge in a Surprising World by Daniel Rasmussen

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