Treasury yields suggest the US economy is approaching a peak
ETF Securities Fixed Income Research – Treasury yields suggest the US economy is approaching a peak
Current low term premium for US Treasury bonds suggests US economic growth is near peak.
The inflation risk premium is the primary driver of government bond yields, but creditworthiness could become the new directional catalyst in the future.
Duration risk is best rewarded at short maturities than on long-term bonds.
The yield curve and term premium estimates are useful for the forecasting of future returns from bonds. In addition, …Läs mer »