The other side of the long term interest rate being the cost of borrowing is tgat it is the reward of capital i.e. on the assumption the USA exists, better returns and growth.
Original title “Why have far-forward nominal Treasury rates increased so much in the past few years? Old risks reemerge in an era of Fed credibility” compressed to fit within title limits.
The other side of the long term interest rate being the cost of borrowing is tgat it is the reward of capital i.e. on the assumption the USA exists, better returns and growth.
Original title “Why have far-forward nominal Treasury rates increased so much in the past few years? Old risks reemerge in an era of Fed credibility” compressed to fit within title limits.