term premium기간프리미엄
The extra return investors demand for holding a long-term bond instead of rolling over short-term ones, as compensation for the risk that rates move. It cannot be observed directly and is estimated with models.
In these articles
- The record backs Warsh on 2021 and 2013 but not against forward guidance as such
Here: the Federal Reserve Board's Kim-Wright estimate for the 10-year Treasury.