US EconomyNov. 19, 2025 12:35 AM ETAFMC, AFSM, ARKK, AVUV, BAPR, IVOO, IVOV, IVV, IVW, IWC, IWM, IWN, IWO, IWP, IWR, IWS, IYY, QQQ, SPLV, SPMD, SPMO, SPMV, SPSM, SPUS, SPUU, SPVM, SPVU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SPYD, SPYG, SPYV, SPYX, SQLV, SSO, SSPY, SVAL, SYLD, TMDV, TPHD, TPLC, TPSC, UAUG, UJAN, UMAR, UMAY, UOCT, UPRO, USMC, USMF, USVM, MAGS, TLT, TLH, EDV, SPTL, ZROZ, VGLT, LGOV, SCHQ, TFJL, TBJL, GOVZ, TBT, TMV, IEF, SHY, TBF, TMF, PST, TTT, IEI, BIL, TYO, UBT, UST, UTWO, VGSH, SHV, VGIT, GOVT, SCHO, TBX, SCHR, GSY, TYD, VUSTX, SYSB, GBIL, SGOV, SPTS, VLGSX, PRULX, VEDTX, FBLTX, PEDIX, VGK, FEZ, IEV, EZU, DFE, FDD, FEP, SPEU, HEDJ, DBEU, EUDG, IEUR, HEZU, FEUZ, DBEZ, IEUS, OPPE, OEFA, EUDV, PTEU, GSEU, RFEU, FLEE, FLEU, BBEU, FPXE, EURL, EWG, FGM, DAX, FLGR, EWN, EWU, FKU, EWUS, FLGBING Economic and Financial Analysis4.91K FollowersCommentsSummaryEquities jitters have helped to steepen curves, though all within prior ranges and a 10y UST yield above 4%.As 10y Bunds richen versus swaps, the swap rate remains near the upper end of its range while the back end is sensitive to Dutch pension fund news.Meanwhile, latest TIC data show decent buying of US assets, including foreign demand for Treasuries.monsitj/iStock via Getty ImagesBy Benjamin Schroeder, Senior Rates Strategist and Padhraic Garvey, CFA, Regional Head of Research, AmericasSouring equities help bull steepen ratesRates are looking at the souring sentiment in stock markets and reacted with aThis article was written byING Economic and Financial Analysis4.91K FollowersFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.Comments