Expectations Explain The Secular Collapse In Treasury Yields. Deal With It. — Brian Romanchuk

One of my long-running sources of rants is the inability of economics and financial commentators to come to grips with the basics of Treasury valuation. Rate expectations is a relatively simple concept that is the core of all modern fixed income pricing frameworks. Hellfire, it’s even embedded into DSGE models. Nevertheless, academics and other sophisticated commentators keep attempting to put lipstick on the pigs that are alternative explanations for the secular decline in Treasury yields....

Bond Economics
Expectations Explain The Secular Collapse In Treasury Yields. Deal With It.
Brian Romanchuk

http://www.bondeconomics.com/2022/01/expectations-explain-secular-collapse.html