Lyn Alden: Yield curve is flat with high yields across maturities due to inflation

Lyn Alden: Yield curve is flat with high yields across maturities due to inflation
Yield curve flat and yields high

Lyn Alden, founder and CEO of Lyn Alden Investment Strategy, argued that nobody has lost control of the long end of the bond market. She described the yield curve as flat and noted that yields are broadly high across maturities, attributing this to persistently above-target inflation.

Alden previously commented that bearish moves in the bond market were anticipated, highlighting a flat yield curve and the absence of market disruption in an earlier analysis of bond market sentiment. She has also discussed the role of fiscal policy in driving inflation, referencing a recent memo from Howard Marks on the topic. Both points frame her ongoing assessment of inflation’s impact on yields.

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