1/n

I am working on a paper on why interest rates and yields are as low as they are. I will share some preliminary results here.

2/n

What I will share are some of the output from a simple model for US 10-year Treasury bond yields.

3/n

It is key to me that the model not only is statistically significantly, but is also economically significant. We need to understand economic developments within economic theory.

4/n

I have estimated a model for the US 10-year bond yield based on the following fundamental variables.

5/n

1) Nominal GDP growth (per capita).