Which yields

The key result is the existence of nonmonotonicities in wage offers. Two potential sources of these nonmonotonicities exist: i peer effects and ii unobserved worker heterogeneity in terms of the inherent cost of maintaining connections within a productive informal network. The model predicts that a greater degree of unobserved heterogeneity tilts the estimates toward producing a positive correlation between informal search and higher wages, whereas stronger peer influences tend to yield a negative correlation.

This conclusion informs the empirical research in the sense that identification of the true correlation between job contact methods and wage offers requires a careful assessment of the unobserved heterogeneity and peer influences in the relevant sample. These necessary cookies are required to activate the core functionality of the website.

An opt-out from these technologies is not available. In order to further improve our offer and our website, we collect anonymous data for statistics and analyses. With the help of these cookies we can, for example, determine the number of visitors and the effect of certain pages on our website and optimize our content.

The spot price for gold, which struggles to compete with income-producing assets when yields rise, is down 1. While the stock market soared as bond yields hit historic lows last year, equities can conversely suffer here from higher yields, as bonds start to offer more competition to yield-seeking investors.

Rising yields have in recent weeks been a mixed bag for stocks. Shares of financial companies, which benefit from higher rates, are up 3.

As the economy begins to return to normal, companies whose fortunes rise and fall with the market cycle benefit. Growth stocks, which are less attuned to market moves, like tech, become less valuable. How could higher Treasury yields affect individuals? The effects of higher yields beyond Corporate America can most directly be seen in the housing market. The interest rates charged on fixed-rate mortgages tend to shadow moves in Treasury yields and have already begun edging higher.

A Freddie Mac survey has also risen this year, by 12 basis points to 2. Banks Updated. The spot price for gold, which struggles to compete with income-producing assets when yields rise, is down 3. While the stock market soared as bond yields hit historic lows last year, equities can conversely suffer here from higher yields, as bonds start to offer more competition to yield-seeking investors. Rising yields have in recent weeks been a mixed bag for stocks. Shares of financial companies, which benefit from higher rates, are up 5.

As the economy begins to return to normal, companies whose fortunes rise and fall with the market cycle benefit. Non-cyclical stocks, which are less attuned to market moves, like utilities, become less valuable.

How could higher Treasury yields affect individuals? The effects of higher yields beyond Corporate America can most directly be seen in the housing market. The interest rates charged on fixed-rate mortgages tend to shadow moves in Treasury yields and have already begun edging higher. A Freddie Mac survey has also risen this year, by 8 basis points to 2. Business News Updated. By Kate Duguid 6 Min Read.