Money and Financial Markets
Although they have trended up from their 2003 trough, long-term interest rates remain low by historical standards. Moreover, yield spreads between risky assets and safe ones, such as the 10-year Treasury note, have been small, a sign of investors’ confidence in financial conditions.
Suggested citation: “Money and Financial Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-11, pp. 06-07, 11.15.2006.