02041cas a2200265 a 4500 AALejournalIMF021856 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513588803 BD-DhAAL BD-DhAAL Goel, Rohit. What Is Driving the Rise in Advanced Economy Bond Yields? / Rohit Goel, Sheheryar Malik. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (16 pages) <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The nominal bond yields for advanced economies rose sharply during the first quarter of the year. This note analyzes the drivers of this increase across the jurisdictions and tenors of the yield curve. A key investor focus, in particular, has been the rise in the nominal bond yields in the United States, which has had notable global financial stability spillovers. The analysis indicates that the rise in inflation expectations is the primary driver of the rise in US nominal bond yields over the near term, whereas, the rise in real yields has been the major contributor to the rise in longer-term yields. The change in term premiums has also played a key role in driving both the longer-term inflation breakeven and real yields. Considering other major advanced economies, while inflation expectations have risen across the board in the near term, change in real yields appear more pertinent a driver for shifts in longer-term yields. Mode of access: Internet Foreign Exchange imf Informal Economy imf Underground Econom imf United States imf Malik, Sheheryar. Full text available on IMF http://elibrary.imf.org/view/journals/065/2021/003/065.2021.issue-003-en.xml IMF e-Library