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Published on Wednesday, April 5, 2017 | Updated on Thursday, April 6, 2017

U.S. | Embracing "flat" – a new norm in long-term yields

A flattened term premium curve is unprecedented when compared to previous Fed tightening cycles. Term premium dynamics are driven by the amplified role of duration risk as a shock absorber. Economic growth expectations remain the main driving force behind the long-term yields trajectory

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170404_embracingflatnewnormltyields English April 5, 2017
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