March 17, 2025 (NO COMMENTS)

Yield curves globally will steepen amid a coming surge in borrowing to fund defence spending in Europe and widening deficits in the US, according to Said Haidar, founder and CIO of Haidar Capital Management.

In Europe, hundreds of billions in new proposed borrowing will push up term premia and cause long end yields to rise, Haidar says. Term premia is the additional yield investors require to hold longer-dated bonds versus rolling short-dated debt.

Meanwhile, a possible economic slowdown in the US