Yield Curve Update

Seizing Opportunity in a Kinked Yield Curve: Why Now Is the Time to Act?

This isn’t your classic yield curve inversion—it’s a kink in the yield curve. And where most economic pundits see a structural red flag, smart business leaders are positioning for the future.

Yes, the Fed’s signaling two rate cuts before year-end; typically, a harbinger of coming economic softness. But long-end yields are pricing in something different—resurgent inflation, expansion, or both. At this point the market nor the economy seem to be cracking.

Look around

  • Equities aren’t retreating—they’re making new highs.
  • Labor markets aren’t cracking—they’re holding firm, with wages up 3.9% YoY.
  • Consumers aren’t pulling back—they’re absorbing shocks and staying in the game.

This isn’t recessionary behavior. It looks like an economy coiled for growth.

And yet—one overhang remains: the passage of the “Big Beautiful Bill.” If it stalls, the rally may stall with it. But if it crosses the finish line, it could unlock fiscal tailwinds and supercharge risk asset pricing.

If you’re a business leader, this isn’t the moment to hunker down—it’s time to lean in. Those prepared to act with velocity will find capital not just available, but eager—at Bankers Edge we are advising our clients to:

  • Reassess your capital stack—optimize for agility to take advantage of dislocation in valuations or supply chain resets.
  • Line up dry powder—whether through credit, equity, or hybrids, now is the time to secure flexible capital at today’s terms, not tomorrow’s premiums.
  • Position for bold moves—whether it’s tuck-ins, carve-outs, joint ventures, or infrastructure scale-ups, transactions executed in the next two quarters could define the decade.

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Meet Mitch Vermet,

CFA, CAIA
Managing Director
Our other Managing Director, Mitch Vermet, CFA, CAIA, has a decade of experience in institutional asset management and investment banking. He has served as an integral asset within close-knit investment teams responsible for building portfolios and allocating tactical assets for over $30 billion in institutional capital.
Since earning a BA in Economics from the University of Michigan and an MA in Management from the Ross School of Business at the University of Michigan, Mr. Vermet has demonstrated mastery in helping clients manage and structure their balance sheets with strategic asset liability management solutions. He has built a reputation for helping clients strategically manage risk while capitalizing on opportunities across unique macroeconomic scenarios, lending valuable expertise and foresight to clients.  

Mr. Vermet is a member of the CFA Institute and CAIA Association. He is also a Registered Representative of BA Securities, LLC, and a member of FINRA and SIPC.

Meet Richard Consul,

CFA
Managing Director
Richard Consul, CFA, brings unmatched expertise and experience as one of our Managing Directors. Mr. Consul has over 20 years of domestic and international secondary market expertise as a Senior Portfolio Manager and Fixed Income, Currency, and Commodities Strategist.
Since earning a BBA in Finance and an MSE in Financial Engineering from the University of Michigan, Mr. Consul has served as a dedicated business partner to many corporate, banking, and insurance clients. He has built a reputation for helping clients solve and overcome various complex liquidity, risk management, ALM, and secondary market challenges. 
Mr. Consul has lent his expertise to countless financial publications and platforms, including Asset TV, a renowned video research platform for investment professionals. He is a member of the CFA Institute and has received certifications in Securities Industry Essentials (SIE), Series 82, and Series 63 through FINRA.