Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.

Financial stability and financial risks

Why Are Long-Term US Yields Low?

Since June 2004 the Fed Funds target rate has increased significantly, but nonetheless long-term yields have remained low. This article reviews four explanatory factors: greater stability in inflation rates, globalisation effects, low investments and increased demand for long-term bonds from pension companies and Asian central banks.