US Economic Perspectives:When do higher Treasury yields hurt growth?Estimating a neutral 10y yield
类型：宏观经济 机构：德意志银行 研究员：德意志银行研究所 日期：2017-12-04
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With the Fed sticking to their script of continued gradual rate hikes,attention has been focused on how high the fed funds rate will rise inthe coming quarters. However, a more crucial question for growth andmarkets is how high the 10-year Treasury yield will rise, and at what levelit would begin to restrain growth.
Answers to these questions require having a view on the neutral levelof the 10-year Treasury yield
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