Politics & MoneyInvestments

The recent bond market selloff in historical perspective

Yields damage investor returns

Long-term Treasury yields rose sharply in recent months, resulting in realized or mark-to-market losses for fixed-income investors.

In a post on the Federal Reserve Bank of New York blog, Liberty Street economics, authors Tobias Adrian and Michael Fleming put these losses in historical perspective.

In the piece, they "investigate whether the yield changes are better explained by expectations of higher short-term rates in the future or by investors demanding greater compensation for holding long-term Treasuries."

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With record-low mortgage rates, originators and real estate agents aren’t taking a holiday anytime soon

Low rates are making this summer one for the record books. Accordingly, loan officers, underwriters, real estate agents and those working in title and settlement offices are continuing to work the long hours that have become the norm since March. Not that they’re complaining.

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3d rendering of a row of luxury townhouses along a street

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