Poorer and older consumers could instead be called to foot the bulk of the billimplied by the Proposition while spending a larger portion of their limited income in doing so.
Superficially, it looks like this: consultants want to be in physical proximity of client to work together rather than use telepresence over remote work to work more closely with them, build better relationships, and perhaps with the implied intent to bill the customer for more work.
Short-end bill prices fell sending implied yields higher by five basis points forcing the gradient of the curve higher as the steepening process grinds forward.
Implied yields on 90-day bill prices slipped by three basis points along the curve and the lower yield environment spread to the long end where benchmark 10-year yields dropped by three basis points to 5.45%.