Unfortunately, the yield curve only got worse. Short term rates are higher and long term rates are lower. Bill Gross is still sounding warnings. He repeats that either short term rates or asset prices will come down.
Maybe the yield curve has more to due with the recent stock market sell-off than China. China may have been the catalyst, but the yield curve may be the driving force.
Related ETFs: iShares Russell 3000 Index Fund (IWV), SPDRs (SPY), iShares Lehman 20+ Year Treasury Bond Fund (TLT), iShares Lehman 7 - 10 Year Treasury Bond Fund (IEF), iShares Lehman 1 - 3 Year Treasury Bond Fund (SHY)