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raidissement de la courbe des rendements

English translation: the steepening yield curve has reached its peak

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09:04 Aug 3, 2001
French to English translations [PRO]
Bus/Financial
French term or phrase: raidissement de la courbe des rendements
I understand but can't seem to phrase it properly in English. Here's the full sentence:
"Le raidissement de la courbe des rendements aux Etats-Unis atteint son maximum, la détente monétaire de la Fed touchant à sa fin."
Clair@Lexeme
France
Local time: 11:37
English translation:the steepening yield curve has reached its peak
Explanation:
I agree with vbaby that a yield curve steepens (however, it does not stiffen, in financial parlance...).

Here is my rendering of your sentence:

In the United States, the steepening yield curve has reached its peak, in the wake of the Fed's termination of its monetary easing policy.

From Termium:

French:Currency and Foreign Exchange
détente monétaire s CORRECT,FEM

English:Currency and Foreign Exchange
monetary easing s CORRECT
EX - In Germany ... faster unit labour cost growth and increases in various administrative and indirect taxes are forecast to keep inflation high in the near term and thereby restrain the room for European monetary easing. s
1992-05-25

French:Investment
courbe de rendement s CORRECT,FEM
DEF - Ligne qui permet d'établir une relation entre les taux de rendement d'obligations de même qualité mais dont la date d'échéance est différente. s

English:Investment
yield curve s CORRECT
DEF - The relationship among the yields of bonds of the same quality but different maturities. s
1998-04-29

Here are a number of examples of "steepening yield curve" that I picked up on Google:

[PDF] offshore-rebates.com/pdf/thames_river/thames_confessions_October1999.pdf
... 10 year bond yields. Over the subsequent six months, bond yields have been on a rising trend resulting in a steepening yield curve. Expectations of economic ...

TheStreet.com: Global Briefing: Rare Step Back for Japanese ...
... a month ago. A steepening yield curve is sometimes seen as an indication of expectations for stronger growth and/or increasing price pressures. But in the ...
www.thestreet.com/comment/currency/737459.html

Clinton Group: Commentary - September 2000 Mortgages
... debentures. The effect of the steepening yield curve was the focal point of the month for pass-through investors: the pay-up for seasoned pass- throughs vs. ...
www.clinton.com/html_4x/in_the_market/sept00/mortgage.cfm

33 examples of same at Google search results URL:
Selected response from:

Yolanda Broad
United States
Local time: 05:37
Grading comment
Thanks for helping out on this!
4 KudoZ points were awarded for this answer

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Summary of answers provided
na +1the steepening of the yield curve
VBaby
nathe steepening yield curve has reached its peak
Yolanda Broad


  

Answers


44 mins peer agreement (net): +1
the steepening of the yield curve


Explanation:
Courbe des rendements: yield curve
Raidissement: the curve steepens, meaning that the gap between short term and long term rates becomes wider.
You could also say that the curve stiffens.
"The steepening of the yield curve in the United States has reached its maximum, given that Fed easing is coming to an end"


    Twelve years as a financial journalist
VBaby
Local time: 10:37
Native speaker of: Native in FrenchFrench
PRO pts in pair: 401

Peer comments on this answer (and responses from the answerer)
agree  Yves Georges
5 hrs
Login to enter a peer comment (or grade)

1 day 1 hr
the steepening yield curve has reached its peak


Explanation:
I agree with vbaby that a yield curve steepens (however, it does not stiffen, in financial parlance...).

Here is my rendering of your sentence:

In the United States, the steepening yield curve has reached its peak, in the wake of the Fed's termination of its monetary easing policy.

From Termium:

French:Currency and Foreign Exchange
détente monétaire s CORRECT,FEM

English:Currency and Foreign Exchange
monetary easing s CORRECT
EX - In Germany ... faster unit labour cost growth and increases in various administrative and indirect taxes are forecast to keep inflation high in the near term and thereby restrain the room for European monetary easing. s
1992-05-25

French:Investment
courbe de rendement s CORRECT,FEM
DEF - Ligne qui permet d'établir une relation entre les taux de rendement d'obligations de même qualité mais dont la date d'échéance est différente. s

English:Investment
yield curve s CORRECT
DEF - The relationship among the yields of bonds of the same quality but different maturities. s
1998-04-29

Here are a number of examples of "steepening yield curve" that I picked up on Google:

[PDF] offshore-rebates.com/pdf/thames_river/thames_confessions_October1999.pdf
... 10 year bond yields. Over the subsequent six months, bond yields have been on a rising trend resulting in a steepening yield curve. Expectations of economic ...

TheStreet.com: Global Briefing: Rare Step Back for Japanese ...
... a month ago. A steepening yield curve is sometimes seen as an indication of expectations for stronger growth and/or increasing price pressures. But in the ...
www.thestreet.com/comment/currency/737459.html

Clinton Group: Commentary - September 2000 Mortgages
... debentures. The effect of the steepening yield curve was the focal point of the month for pass-through investors: the pay-up for seasoned pass- throughs vs. ...
www.clinton.com/html_4x/in_the_market/sept00/mortgage.cfm

33 examples of same at Google search results URL:


    Reference: http://www.google.com/search?hl=en&safe=off&q=%22steepening+...
    Reference: http://www.termium.com
Yolanda Broad
United States
Local time: 05:37
Native speaker of: English
PRO pts in pair: 1551
Grading comment
Thanks for helping out on this!
Login to enter a peer comment (or grade)




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