Who Sets The Yield Curve? — Brian Romanchuk

There was a debate on my Twitter timeline whether or not the Fed sets the entire yield curve. Since I am in the midst of writing a MMT primer, the party line is bubbling up in my mind: the yield curve is a policy variable. However, the exact mechanism is not entirely obvious, and the situation is arguably ambiguous.

Bond Economics
Who Sets The Yield Curve?
Brian Romanchuk