Treasury Curve Steepest Since 2016

The video discusses traders' positioning in response to a Democrat-led Senate, focusing on increased spending, stimulus, and deficits. It highlights the impact on US 10-year yields and the importance of monitoring the long bond. The yield curve's steepness and NASDAQ futures are analyzed, with concerns about capital gains and corporate taxes. The volatility markets suggest prolonged market stress due to election uncertainties, including the Georgia results and potential contested outcomes, affecting market volatility in the coming weeks.

What psychological level is significant for the 10-year yields, and why is it important?

What implications does a contested election have on market volatility according to the text?