Comment: The 'yield conundrum' revisited

Fed chairman, Ben Bernanke, made it clear in a speech earlier this week that he is no closer than his predecessor, Alan Greenspan, to making sense of the 'yield conundrum'.

COMMENT BY CENTRALBANKNEWS

With the bond market seemingly distorted by a host of factors, the yield curve may have, for the time being at least, lost its relevance as a policy signal.

A little over a year ago Greenspan described the stubborn lack of adjustment in the yields on long-dated bonds as a "conundrum without historical

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.