Accounting for the decline in long-term bond yields to historically low levels By the end of 1998 long-term bond yields in industrialised countries had reached levels that in many cases were historically unprecedented .
ÐáñÜãïíôåò ðïõ óõíÝâáëáí óôç ìåßùóç ôùí áðïäüóåùí ôùí ìáêñïðñüèåóìùí ïìïëüãùí óå éóôïñéêþò ÷ áìçëÜ åðßðåäá Óôï ôÝëïò ôïõ 1998 , ïé áðïäüóåéò ôùí ìáêñïðñüèåóìùí ïìïëüãùí óôéò âéïìç ÷ áíéêÝò ÷ þñåò åß ÷ áí öèÜóåé óå åðßðåäá ðïõ óå ðïëëÝò ðåñéðôþóåéò Þôáí ðñùôïöáíÞ óôá ÷ ñïíéêÜ .