Key Takeaways Within the fixed income arena, there have been three key issues that I have continually focused on over the last year or so: 1) yields returned to historically normal levels; 2) chasing duration has been a fleeting strategy; and 3) the path of least resistance is for the yield curve to steepen. For 2026, all three dynamics are likely to play out again in the money and bond markets. However, for this blog, I wanted to highlight what points #2 and #3 actually look like when put to the test. Sour ...