Research
How much does the Fed really ‘control’ the 10-year Treasury yield?
The biggest driver of the 10-year treasury yield is the term premium, NOT the Fed funds rate. The term premium is a variable outside the Fed’s control and impacted primarily by global factors.
From Income Inequality to 10-Year U.S Treasury Yield
The issue of inequality in the U.S. is increasingly being discussed, given the recent social unrest. However, inequality is an issue with tremendous impact on the macroeconomy and financial markets.