In the short term, the GDP growth rate is likely to be strong in the first quarter, and the favorable effect on the bond market has weakened. Coupled with the gradual increase in supply pressure on ultra-long-term treasury bonds, long-term interest rates will hardly break the previous low...
Meanwhile, the record low level for the 30-year yield reflects the muted inflation outlook, rising demand for safety and relatively high demand for U.S. government bonds while some developed market debt carry negative yields. Inflation is a particular threat to long-term bonds since i...
Empirical findings suggest that the LSAP has effectively lowered the long-term Treasury bond yields, through both "signaling" and "portfolio balance" channels. On the other hand, the Fed's "forward guidance" also leads to gradual extension of market projections for the duration of the LSAP ...
Treasury yields are in a secular uptrend, with the bond bear market expected to last at least a decade. The primary driver is concern over the sustainability of US federal debt, which exceeds 110% of GDP, while deficits threaten to expand. Not far behind are fears of rising long-term infl...
Moreover, it concludes on the stability in longer-term inflation expectations with the variation in breakeven inflation rate (BEI).ChristensenJensFRBSF Economic LetterChristensen, 2008, Treasury bond yields and long-run inflation expectations, FRBSF economic letter....
来自 EconPapers 喜欢 0 阅读量: 24 作者: J Christensen 摘要: This Economic Letter uses data on nominal and real Treasury yields to study the behavior of market-implied expected inflation since the beginning of 2007. 关键词: Inflation (Finance Treasury bonds 被引量: 9 年份: 2008 ...
aAlongside the swift recovery of the global stock markets, the US Treasury yield curve has gone parabolic (呈抛物线的),and the fed’s propaganda artists are wringing their hands of any culpability. “ I personally don’t believe the rise in long-term bond yields is due to inflation fears,...
B. U.S. Treasury bonds C. Corporate Aaa bonds D. Municipal bondsLong-Term Bonds:Long-term bonds refer to bonds that take a long duration before the bond matures. Most investors argue that the l...
In this paper, we first document some stylized facts about very short-term and long-term corporate yield spreads. We find that short-term spreads are sizab... C Dan,C Downing - 《Finance & Economics Discussion》 被引量: 184发表: 2003年 Eurozone debt crisis and bond yields convergence: ev...
Long-Term Yields Decline Across the Board.Long-Term Yields Decline Across the Board.The article reports on the decreased long-term municipal bond yields which did not keep pace with Treasury yields in the U.S.McGeePatrickEBSCO_bspInvestment Dealers Digest...