← Rates methodologyTerm premium
Term-premium or rate-expectations driven?
10Y Term Premium
The 10-year term premium — the extra yield demanded to hold a long bond instead of rolling short ones.
How Kim-Wright affine term-structure model.Source FRED (Kim-Wright)
How to read Rising term premium = supply / risk concern driving yields, distinct from rate-expectations repricing.
ACM Term-Premium Curve
The term-premium CURVE — 2y, 5y and 10y term premia together.
How NY Fed Adrian-Crump-Moench (ACM) model; monthly.Source NY Fed (ACM)
How to read Short- vs long-maturity compensation; a steep TP curve concentrates duration risk at the long end.