# The yield curve and monetary policy

> The ECB published a speech on the yield curve and monetary policy, noting long-term nominal yields in the UK, Germany, US and euro area are near record lows, with euro area long rates even negative. The speech draws on two centuries of UK gilt data.

- Date: 2019-11-25 · published 2019-11-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/56285-the-yield-curve-and-monetary-policy
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Persistently low global yields keep the dollar and euro funding conditions loose, a background factor for commodity financing and currency moves rather than a direct supply shock.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-05-04 | [Past and future of the ECB monetary policy](https://feedsoft.ai/events/65223-past-and-future-of-the-ecb-monetary-policy.md) | -0.6% | -2.4% |
| EURUSD | 2017-11-17 | [Monetary policy and the outlook for the economy](https://feedsoft.ai/events/68186-monetary-policy-and-the-outlook-for-the-economy.md) | +1.4% | +0.1% |
| EURUSD | 2019-08-22 | [Account of the monetary policy meeting](https://feedsoft.ai/events/57801-account-of-the-monetary-policy-meeting.md) | -0.1% | -0.5% |
| EURUSD | 2019-02-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/60821-account-of-the-monetary-policy-meeting.md) | +0.4% | +0.2% |
| EURUSD | 2019-04-04 | [Account of the monetary policy meeting](https://feedsoft.ai/events/59795-account-of-the-monetary-policy-meeting.md) | +0.2% | +0.0% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp191125~b0ecc8e6f0.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.