期刊名称：Federal Reserve Bank of St. Louis - Regional Economist
出版年度：2016
出版社：Federal Reserve Bank of St. Louis
摘要：Yields on government securities issued by the U.S. Treasury Department have been falling steadily since the end of the Great Inflation in the early 1980s. In nominal terms (not adjusted for inflation), interest rates on 10-year Treasury bonds have been below 3 percent since July 2011. Over the same period, the yield on Treasury Inflation Protected Securities—also known as the real interest rate (that is, adjusting for inflation)—has been below 1 percent. This extended period of low real interest rates has been a surprise to forecasters. Currently, the consensus of professional forecasters is that long-term real interest rates will remain quite low through the end of 2016.
