Board of Governors of the Federal Reserve System

yield on the US Dollar and US Treasuries. We measure the convenience of...Treasury bonds through CIP deviations between government bond yields.

concerns about elevated public debt levels and fiscal sustainability in...Policy uncertainty Respondents continued to highlight concerns about policy

policy in the near future. However, to provide additional flexibility ...policy at a later date once such action was deemed appropriate given economic

policy proposals. Risk-Based Capital Standards The first proposal under...concern. The proposal suggests that calibrating operational risk requirements

concern is that low interest rates make the economy more vulnerable to...yield and compressed net interest margins make it harder for some financial

Fiscal support will remain vital. Looking ahead, it likely will be appropriate...concern may apply to the commercial real estate (CRE) sector and to equipment

Treasury securities are up noticeably since early last year, but they ...yields have edged up in a few countries but have remained essentially

yields on corporate bonds and Treasury securities stayed low or fell further...and, relative to market rates, bank business loan rates held near the

and, finally, discuss my approach to monetary policy at a time of increasing...fiscal support from governments, particularly to help those most in need

Policy and Research, Board of Governors Margaret Shanks,2 Deputy Secretary...Policy and Research, Board of Governors William B. English, Senior Special