International Monetary Fund (2018): “United States of America: Staff Concluding Statement of the 2018 Article IV Mission”, 14 June. 4  3  As a result of the above, and of other concurrent forces, long-term interest rates in the US have recently displayed a marked, and generalized, upturn.
For instance, the yield on 10-year US Treasury bond has shown an increase of about 160 basis points from a record low of just 1.37 percent nearly two years ago. Although part of the adjustment associated to the electoral process of 2016 reverted in subsequent months, the above-noted upward trend in longterm yields resumed in September last year.