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