Yield, Spreads and Uncertainty/Risk | Ecobrowser
Maturity spreads increase slightly, yield (nominal, real) decreases, and the level of risk increases. Some nominal rates have dived; real rates also, assuming that the bulk of the movement is a change in estimated future economic activity. Picture 1: Top panel: 10-3-month T-bill spread (blue), 10-2-year spread (tan), both in %; Middle panel: 5-year Treasury-TIPS
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