So, if you care about the US economy then you should care about convexity because yields can be distorted and give of erroneous signals. In general, a steeper yield curve predicts better economic...

So, if you care about the US economy then you should care about convexity because yields can be distorted and give of erroneous signals. In general, a steeper yield curve predicts better economic times as encouraged expectations for growth and inflation can weigh on the value of long-term government bonds.