Why Were Treasury Yields So Stable Over the Summer?
Abstract: Early this year, economic activity plummeted as COVID-19 cases around the world surged and governments enacted restrictions to mitigate the spread of the virus. Over the summer, as restrictions were gradually lifted, the near-term outlook for the economy improved and economic data prints began to come in stronger than expected.
File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/why-were-treasury-yields-so-stable-over-the-summer-20201229.htm
Part of Series: FEDS Notes
Publication Date: 2020-12-29