Fed signals drive most of post-Covid rise in Treasury yields, study finds
Torsten Asmus
Federal Reserve policy signals and U.S. payroll reports accounted for most of the rise in 10-year Treasury yields since August 2020, according to research published by VoxEU/CEPR.
The study, by Paul Beaudry, Paolo Cavallino, and Tim Willems, found that 90% of the observed increase in
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