Inverted Yields, Negative Rates, and U.S. Treasury Probabilities 10 Years Forward ...
As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk ...
Mortgage borrowers received long-awaited good news in September when the Federal Reserve cut the federal funds rate for the first time in 2025. Even before the Fed's decision, though, the market ...
2031 GMT – The 10-year yield rose 0.020 percentage point to 4.170% today. The price fell 5/32 to 98 20/32. —Yield is up for two consecutive trading days —Yield is up 0.053 percentage point over the ...