A Puzzle, a Conundrum and a Complete Mystery
That is the answer to the question; why do rates on longer dated bonds continue to fall?
Unfortunately, the people giving the answers described above all seem to be Federal Reserve Governors, or the people that are paid to know the answer.
[WASHINGTON - Federal Reserve Chairman Alan Greenspan said yesterday that he does not have a good explanation for why long-term interest rates have been falling at a time when he and his Fed colleagues have been raising short-term rates.
"The pronounced decline in U.S. Treasury long-term interest rates over the past year, despite a 200-basis-point increase in our federal funds rate, is clearly without precedent," Greenspan said, speaking by satellite to the International Monetary Conference in Beijing...]
Unfortunately, the people giving the answers described above all seem to be Federal Reserve Governors, or the people that are paid to know the answer.
[WASHINGTON - Federal Reserve Chairman Alan Greenspan said yesterday that he does not have a good explanation for why long-term interest rates have been falling at a time when he and his Fed colleagues have been raising short-term rates.
"The pronounced decline in U.S. Treasury long-term interest rates over the past year, despite a 200-basis-point increase in our federal funds rate, is clearly without precedent," Greenspan said, speaking by satellite to the International Monetary Conference in Beijing...]
posted by Little_Silvered at 6:46 PM
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