Economics, Econometrics and Finance
8 years ago

Monetary policy changes impact Treasury bond interest rates, study finds.

International Conference on E-Business and E-Government
Cycle of Monetary Policy and Term Structure of Interest Rate of Treasury Bonds
Qing Xia, Huahua Zhang

Paper Summary

The article studied how changes in monetary policy affect interest rates on Treasury bonds. By analyzing data from the Shanghai market, researchers found that when monetary policy tightens, the slope of interest rates becomes more important. But during easy monetary policy periods, the overall level of interest rates is more sensitive.

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