The Declining Convenience Yield and Quantitative Tightening

Kevin Bloodworth II and YiLi Chien

On the Economy from Federal Reserve Bank of St. Louis

Abstract: The convenience yield represents the interest investors are willing to forgo for highly liquid securities. How did QT affect the yield on government bonds?

Keywords: convenience yield; quantitative tightening; Treasury securities; bond market (search for similar items in EconPapers)
Date: 2026-02-27
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:102829

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