Via Bloomie:
While bets on steepening yield curves are growing in popularity, money can also be made in countries that already have one and that’s drawing investors Down Under.
Thanks to Australia’s yield-curve control policy, its bonds have the steepest curve among major sovereign markets, according to two- and 10-year note data compiled by Bloomberg. Investors can exploit that difference by borrowing at lower shorter-term rates and investing higher up the curve.