Understanding The Rise In Long-Term Rates
from the International Monetary Fund
– this post authored by Tobias Adrian, Rohit Goel, Sheheryar Malik, Fabio Natalucci
The rise in long-term US interest rates has become a focus of global macro-financial concerns. The nominal yield on the benchmark 10-year Treasury has increased about 70 basis points since the beginning of the year. This reflects in part an improving US economic outlook amid strong fiscal support and the accelerating recovery from the COVID-19 crisis. So an increase would be expected.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202105030521
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