Term premium is an incomplete economic concept used to explain yield curve slope; it assumes long bonds require higher yields simply for holding longer, but this does not explain inverted yield curves or why long-term rates move independently; market participants have heterogeneous expectations about growth and inflation at different curve maturities.

factualpending

Speaker

Jeff Snider

Evidence Quote

term premiums are nonsense...what we find is that bond yields behave independently

Source

The Offshore Global Dollar System | Jeff SniderMoney & Macro Talks
Created: 8/12/2026, 10:39:49 PM

My Notes

Loading notes...