Interest rates are headed lower — real yields suggest a half-point Fed cut is coming

The Iran cease-fire may be the ‘green light’ the Fed needs.
National Bureau of Economic Research

Real Effects of Nominal Interest Rates

Nominal interest rates have real effects. Residential mortgages and other real world debt contracts require a sequence of constant nominal payments. Combined with payment-to-income constraints, these ...
Bloomberg L.P.

Emerging Asia’s Real Yields Surge in Split With Nominal Rates

Yields on emerging Asian bonds after adjusting for inflation have surged versus nominal yields, raising the appeal of the region’s debt. An average of seven emerging Asian 10-year yields adjusted for ...