Lawler: The Second Half “Bear Steepener”: Higher for Longer, a Higher R*, and A Rising Term Premium

NOTE: This is technical and related to these earlier notes (and mortgage rates):

August 18th: Lawler: Is The “Natural” Rate of Interest Back to Pre-Financial Crisis Levels?

August 15th: The "New Normal" Mortgage Rate Range

From housing economist Tom Lawler:

Below is a chart showing the Treasury yield curve from 1 to 30 years yesterday compared to the end o…