QUICK DEFINITION
Bull Steepener is a yield-curve move in which yields fall while shorter maturities fall more than longer maturities.
WHY IT MATTERS
Why Bull Steepener matters in bond markets
It is often associated with expectations of policy easing or a transition toward a weaker economic regime.
MARKET CONTEXT
How to think about it
Bond investors use bull steepener 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 Bull Steepener important for fixed-income investors?
← Back to the Bond Market Glossary Yes. It is often associated with expectations of policy easing or a transition toward a weaker economic regime.