Speaks about the yield curve

  • what really matters for monetary policy is where the neutral rate is
  • for him, the importance of yield curve is the message it gives about the neutral rate
  • Powell looks at yield curve for message on long run rates

Speaking of rates, yields in the US are little changed today.

  • Two-year 2.603%, +0.6 basis points
  • 5 year 2.754%, +0.2 basis points
  • 10 year 2.855%, -0.3 basis points
  • 30 year 2.963%, +0.1 basis points