Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download

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Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download to the same graph the following data series from January 1957 until the most recent available month: (1) the interest rate on the 20-year U.S. Treasury note (GS20) and (2) the interest rate for 20-year UK government securities (INTGSBGBM193N). During which periods has the interest rate on long-term UK government bonds been higher than the interest rate on longterm U.S. government bonds? What has been the relationship between the two interest rates since 1995?

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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