[Jefferies: Fed Chair Candidate and Inflation Concerns Drive Steepening of U.S. Treasury Yield Curve] Jin10 News, December 3 – The U.S. rates market's 'curve steepening trade' will become the 'preferred trade in the coming weeks,' Jefferies global economist Mohit Kumar stated in a report. Kumar noted that if President Trump selects a Federal Reserve chair inclined toward rate cuts, it would serve as a catalyst for steepening trades. He pointed out: 'While the Fed can control the front end of the yield curve, inflation concerns triggered by accommodative monetary policy will continue to pressure the long end.' He also mentioned that a potentially unfavorable Supreme Court ruling on tariffs could further harm revenue forecasts and exacerbate fiscal concerns.