Term Premium Explained: Why Long Bonds Yield Extra
Term premium is the extra yield bonds pay beyond expected short rates. Here’s how the NY Fed measures it and what’s pushing it higher in 2026.
Term premium is the extra yield bonds pay beyond expected short rates. Here’s how the NY Fed measures it and what’s pushing it higher in 2026.
Kevin Warsh took the oath as Fed chair on May 22, 2026, inheriting an 8-4 FOMC and a 30-year Treasury near 5%. June 16-17 is his first meeting.
What the yield curve is, why inversion has preceded every US recession since 1970, and how to read the current US Treasury curve as of June 1, 2026.
The US 2-year Treasury yield is near a 52-week high at 4.07% as traders price out Fed rate cuts for the rest of 2026.
Small-cap stocks led Friday’s selloff with the Russell 2000 down 2.4% as rising Treasury yields rekindled fears about leverage, refinancing, and unprofitable balance sheets.
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Stephen Miran resigned from the Federal Reserve Board on May 14, 2026, giving President Trump another seat to fill ahead of the June FOMC.
A plain-English guide to the Treasury yield curve: what it is, the four shapes, why it can invert, and what each shape says about the economy.
The U.S. government is forced to issue more debt than projected as cash flows weaken — and long-term Treasury yields are holding stubbornly high in a dynamic analysts call unprecedented since 1990.
High yield bonds have delivered 9% one-year returns while long-duration Treasuries struggle near breakeven. Here’s what the 2026 credit divergence means.