Board of Governors of the Federal Reserve System

policy” 1 Isabel Argimona, Clemens Bonnerb,d, Ricardo Correac, Patty Duijmb...policy choice ΔShort rate ΔShort rate ΔShort rate ΔShort rate Monetary

fiscal stimulus and concerns about Asian crises worked to damp long-term...fiscal package. In other industrial countries, interest rates were down

Treasury Yield Curve: 1961 to the Present Refet S. Gurkaynak, Brian Sack...Yields BETA0 BETA1 BETA2 BETA3 SVEN1F01 SVEN1F04 SVEN1F09 SVENF01 SVENF02

Policy and Financial Stability ..........................................and, like other federal agencies, prepares a strategic plan as well as

and, indeed, concern over a slowdown or recession next year. Perhaps best...yields are good. St. Louis expects an above average crop sufficient to

concern about the deficit in the U.S. current account, especially as compared...Treasury securities. Growth in business loans at banks was especially

Treasury yields, a sub- stantial widening of spreads on both investment-grade...stimulus—and to be expand- ing at a pace around or a bit above its long-run

Yields on both investment- and speculative-grade corporate bonds decreased...Treasury securities tightened slightly since the last report. 2) Measures

Treasury and related reinvestment earnings of $13,897,674,239; cash equivalents...Treasury and interest earned thereon. 5 Reflects the estimated market

and, more directly, what he termed the "meeting place"--the banks participating...concern to the Basle group. There also was comment about the -5- 5/15/