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Business Vocabulary

Q1

The capital markets continued to be volatile during the quarter, as concerns about sub-prime mortgages, the economy and terrorism ebbed and flowed; by quarter end, bond yields had increased modestly in what can be described as a ..... (e.g. long rates increased more than shorter rates).

(*) Bear Flattener

(*) Bear Steepener

(*) Bull Flattener

(*) Bull Steepener

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