10yr Term Premium Has Already Risen Significantly from Historical Lows
3.0
-2.0
2.0
1.0
0
-1.0
Percentage
2010
2012
2014
2016
2018
ACM 10yr Term Premium
Source: Federal Reserve, TD Securities
2020
2022
QE2
QE1
Taper Tantrum
QE3
Trump Election
COVID Vaccine
COVID QE
2020
2022
