It does for long-term interest rates. Short-term interest rates are effectively determined by the government.
“And in the long run we’re all dead”? : )
That too, but conventionally long-term interest rates are 10-years and up. In the US the term structure usually goes out to 30 years, in other countries sometimes more.
It does for long-term interest rates. Short-term interest rates are effectively determined by the government.
“And in the long run we’re all dead”? : )
That too, but conventionally long-term interest rates are 10-years and up. In the US the term structure usually goes out to 30 years, in other countries sometimes more.