Does the Fed drive the yield curve — or does the yield curve drive the Fed? The answer, embedded in 34 years of data, is both. Every previous project in this series modeled the yield curve spread in ...

1 Faculty of Science and Technology, University of Macau, Macau SAR, China. 2 School of Computer Science and Engineering, Hunan University of Science and Technology, Xiangtan, China. 3 School of ...