Professor at Northwestern University. Teach finance at UC-Booth. Former Economist and Senior Policy Advisor at Federal Reserve and Professor at UMich and Yale.
What's driving the increase in bond yields?
A new post on the blog:
Neither the increase in issuance nor changes in uncertainty can explain the increase in bond yields over the past 8 week. Fear of future issuance and models of contagious runs do fit the data, however.
I talk about what these models predict can happen to bond yields and what datapoints I'm looking for from Jackson Hole and the economy.