The flatttening of the yield curve in the United States

Artículo de revista

Detalles Bibliográficos
Autores: Berganza, Juan Carlos, Fuertes, Alberto
Tipo de recurso: artículo
Fecha de publicación:2018
País:España
Institución:Banco de España
Repositorio:Repositorio Institucional del Banco de España
OAI Identifier:oai:repositorio.bde.es:123456789/8956
Acceso en línea:https://repositorio.bde.es/handle/123456789/8956
Access Level:acceso abierto
Palabra clave:Análisis financiero
Economía internacional
Política monetaria
Déficit y deuda públicos
Mercados de valores
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spelling The flatttening of the yield curve in the United StatesBerganza, Juan CarlosFuertes, AlbertoAnálisis financieroEconomía internacionalPolítica monetariaDéficit y deuda públicosPolítica monetariaMercados de valoresArtículo de revistaThe yield curve for US government debt securities has flattened significantly since late 2016 and its slope, while positive, has fallen to levels not observed since before the global financial crisis. The inversion of the yield curve slope is considered, on occasions, as a leading indicator of future recessions. And this, given moreover that the current expansionary phase is proving more durable than previous upturns, has prompted debate on the implications of the recent flattening of the curve. However, as illustrated in this article, unlike previous episodes, in which the flattening of the curve was explained by the behaviour of the interest rates expected at different terms, at this current juncture it is warranted substantially by the compression of term premia. Against this background, the historical relationship between the yield curve and predicted recessions in the US economy might have altered2018info:eu-repo/semantics/articleapplication/pdfhttps://repositorio.bde.es/handle/123456789/8956reponame:Repositorio Institucional del Banco de Españainstname:Banco de EspañaInglésEconomic Bulletin / Banco de España, 1/2018Versión en español 123456789/8350info:eu-repo/semantics/openAccessoai:repositorio.bde.es:123456789/89562026-06-20T12:44:27Z
dc.title.none.fl_str_mv The flatttening of the yield curve in the United States
title The flatttening of the yield curve in the United States
spellingShingle The flatttening of the yield curve in the United States
Berganza, Juan Carlos
Análisis financiero
Economía internacional
Política monetaria
Déficit y deuda públicos
Política monetaria
Mercados de valores
title_short The flatttening of the yield curve in the United States
title_full The flatttening of the yield curve in the United States
title_fullStr The flatttening of the yield curve in the United States
title_full_unstemmed The flatttening of the yield curve in the United States
title_sort The flatttening of the yield curve in the United States
dc.creator.none.fl_str_mv Berganza, Juan Carlos
Fuertes, Alberto
author Berganza, Juan Carlos
author_facet Berganza, Juan Carlos
Fuertes, Alberto
author_role author
author2 Fuertes, Alberto
author2_role author
dc.subject.none.fl_str_mv Análisis financiero
Economía internacional
Política monetaria
Déficit y deuda públicos
Política monetaria
Mercados de valores
topic Análisis financiero
Economía internacional
Política monetaria
Déficit y deuda públicos
Política monetaria
Mercados de valores
description Artículo de revista
publishDate 2018
dc.date.none.fl_str_mv 2018
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://repositorio.bde.es/handle/123456789/8956
url https://repositorio.bde.es/handle/123456789/8956
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Economic Bulletin / Banco de España, 1/2018
Versión en español 123456789/8350
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositorio Institucional del Banco de España
instname:Banco de España
instname_str Banco de España
reponame_str Repositorio Institucional del Banco de España
collection Repositorio Institucional del Banco de España
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,298079

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