QUICK DEFINITION
Bear Flattener is a yield-curve move in which yields rise while shorter maturities rise more than longer maturities.
WHY IT MATTERS
Why Bear Flattener matters in bond markets
It often appears when markets price tighter monetary policy or a more restrictive near-term policy path.
MARKET CONTEXT
How to think about it
Bond investors use bear flattener as part of a wider framework that links prices, yields, cash flows, liquidity and risk. The concept should therefore be read together with its related terms rather than as an isolated definition.
Is Bear Flattener important for fixed-income investors?
← Back to the Bond Market Glossary Yes. It often appears when markets price tighter monetary policy or a more restrictive near-term policy path.