What Does the Yield Curve Tell Us?

Kaufman, Henry
March 2011
Investment Dealers' Digest;3/18/2011, Vol. 77 Issue 11, p34
Trade Publication
In this article, the author discusses the economic prospects for the yield curve of 30-year U.S. Treasury bonds which has exceeded that of three-month bills by 4.55% as of March 2011. He believes that the positive yield curve will continue upwards as the monetary policy of the U.S. Board of Governors of the Federal Reserve System is influenced by inflation risk, the housing market, and the unemployment rate. He projects that economic recovery may falter if the board ended its quantitative easing.


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