Wesbury’s Outlook – The Long-Term Yield Conundrum

By |2018-12-11T12:20:14-05:00December 11th, 2018|Fed Reserve, Financial, GDP, Interest Rates, Policy|0 Comments

Last Friday, the 10-year Treasury Note closed at a yield of 2.85%. That's up from 2.41% at the end of 2017, but down from the peak of 3.24% on November 8th, and well below where fundamentals suggest yields should be. In the last two years, nominal GDP growth – real GDP growth plus inflation – [...]