Understanding the Rise in Long-Term US Treasury Yields

Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund (IMF)'s Monetary and Capital Markets Department, Fabio M. Natalucci is a Deputy Director of the department, while Rohit Goel and Sheheryar Malik are experts in the same department. _____ The rise in long-term US interest rates has become a focus of global macro-financial concerns. The