Of course they bury the most important part in the last sentence of the article. > So if long-term rates were pushed lower by central bank bond buying, and now

Of course they bury the most important part in the last sentence of the article. > So if long-term rates were pushed lower by central bank bond buying, and now short-term rates are being pushed higher as the Fed tightens its monetary policy, the yield curve has nowhere to go but flatter. “In the current environment, I think it’s a less reliable indicator than it has been in the past,” said Matthew Luzzetti, a senior economist at Deutsche Bank.