A bear steepener is generally suggestive of rising inflation or inflationary expectations.

(Bloomberg) -- One of the bond market’s favorite trades is getting fresh momentum in Europe, as the worst rout in German bonds in more than two decades propels selling of long-term debt.

Hedge funds have been increasingly active in the steepener trades that bet on the spread between the five- or 10-year euro interest rate swaps versus the 30-year point increasing, on the back of ...