Bull Steepener

A market environment in which short-term interest rates fall more quickly than long-term ones.

The country of Dapremonia recently won a war against neighboring nation, Feritrea, but it was a costly campaign. To pay its bills, Dapremonia announced it would print more money until all debts were covered. This caused near-term interest rates to plummet, creating a real bull steepener of a situation.