Interest rates: the long decline.
The graph is based on closing market bids obtained at the New York Federal Reserve Bank at 3:30 p.m. Eastern Standard Time each business day and illustrates the decline in the yield of Treasury bonds over the past 20 years. In 2011 the average yearly Treasury bond yield reached 3.019 percent, the lowest of the last 20 years; 41 percent lower than the 20 year average of 5.188 percent. Low interest rates allow funding of investments with lower yields, and theoretically boost economic growth by increasing the amount of business that gets funding.
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|Title Annotation:||ALASKA TRENDS|
|Publication:||Alaska Business Monthly|
|Date:||Jan 1, 2012|
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