10-Year Treasury Yields Won't Rise as High as 4.7%: Union Investment

The video discusses the impact of monetary policy on the US economy and inflation, highlighting the lag in policy effects. It examines the Fed's rate decisions, focusing on the duration of current rates rather than additional hikes. The discussion includes the resilience of the US economy and the potential for a soft landing. The video also explores the supply side of the treasury market and the expected rise in term premium due to the Fed's balance sheet reduction, which could pressure long-term yields.

What factors contribute to the lag in monetary policy decisions according to the text?

How does the current yield curve reflect expectations for the Fed funds rate in the coming years?

What is the significance of Larry Summers' focus on the long end of the yield curve?

What impact do asset purchases by the Fed have on term premium in the Treasury market?

In what ways might the Fed's balance sheet shrinking affect long-term yields?