The Federal Reserve Controls Short Term Interest Rates, Expected Future Interest Rates, Term Premium, and Liquidity Premium. QED the Yield Curve is a Policy Choice.
What are the most likely causes of a CB capitulation on longterm rates?
Public concern about inflation, actual accelerating inflation, political intervention at the CB; are those correct? Are ther others?
This is virtually identical to MMT on monetary operations.
Can you elaborate a bit more on the relationship between nominal GDP and long term interest rate 'policy'?
Awesome. Is there anything else to mention regarding fixed income?
What are the most likely causes of a CB capitulation on longterm rates?
Public concern about inflation, actual accelerating inflation, political intervention at the CB; are those correct? Are ther others?
This is virtually identical to MMT on monetary operations.
Can you elaborate a bit more on the relationship between nominal GDP and long term interest rate 'policy'?
Awesome. Is there anything else to mention regarding fixed income?