1. Long-term bond yields: who’s driving whom?

    emanuele.demeo@prometeia.com, lea.zicchino@prometeia.com
    US bond yields do not seem to reflect neither the domestic economy growth prospects nor the expectations of a less expansionary phase of monetary policy that could start by the end of the year but continue to remain extremely low. One possible explanation is that they are driven by developments in Euro area interest rates. 


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