Temporary support for growth #2: unusual long rate behaviour
US 10 YEAR BOND AND FED FUNDS TARGET
10
10
9
9
8
8
7
7
6
6
FED FUND TARGET
5
5
10 YEAR TREASURY
4
4
3
3
2
2
1
1
10YR YIELD PEAKS
0
0
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22 24
1
Sources: Bloomberg, NBER
28
@2023 Not to be reproduced without permission from Minack Advisors, info@minackadvisors.com
Made with FlippingBook interactive PDF creator