[The increase in long-term yields] is really happening in term premiums, which is the compensation for holding longer-term securities, and not principally a function of the market looking at the [fed funds] rate, said Fed chair Jay Powell in a recent speech.Foto: Kevin Dietsch/AFP/NTB
![[The increase in long-term yields] is really happening in term premiums, which is the compensation for holding longer-term securities, and not principally a function of the market looking at the [fed funds] rate, said Fed chair Jay Powell in a recent speech.](https://images.dngroup.com/image/eyJ3Ijo5ODAsImsiOiIwYTgxMTc0ZjQ2ZGM0YmQzYTg2MGJlYjk5MjAzYjI0YiIsImYiOiJ3ZWJwIiwiY3JvcCI6WzIsMCwxNTk5LDEwNjZdLCJyIjoxLjUsIm8iOiJkbiJ9)