Against All Odds Research

Against All Odds Research

You Don’t Need a PhD to Follow the Curve

Every boom starts the same: Steep. Liquid. Explosive.

Jason Perz's avatar
Jason Perz
Jun 26, 2025
∙ Paid

When the yield curve steepens, it’s like oxygen getting pumped into the system.

This chart shows the full curve—2s, 5s, 10s, 30s—stretching out after years of flat or inverted conditions. That shift isn’t just academic. It means the market is saying: “We’re back to borrowing, lending, building.”

Against All Odds Research is a reader-supported publicatio…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Jason Perz
Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture