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In other words, long-term interest rates were already beginning to fall.
But even if long-term interest rates are low, they can still go lower.
As a result, real long-term interest rates became very high.
And they are not looking for a significant drop in long-term interest rates.
And in the end, he said, that will be enough to pull long-term interest rates lower.
They'd say if you're going to improve the economy that much, long-term interest rates will go way up.
Even now, he said, long-term interest rates are below the 6 percent level before last fall's global financial crisis.
Part of the reason for the difference has to do with the gap between short- and long-term interest rates.
For long-term interest rates, the outlook is a little less clear.
Long-term interest rates in the bond market continued to fall.
The long-term interest rates rose to their highest levels in almost a year.
He said that long-term interest rates would fall if inflation was under control.
But it is having no problems in the bond market, where long-term interest rates continue to fall.
So it is possible that long-term interest rates, already at relatively high levels, could move even higher.
Low long-term interest rates could go far to offset that.
The long bond is the measure by which most long-term interest rates are set.
Long-term interest rates are at their lowest levels since January, 1990.
Bond prices fell however, and long-term interest rates moved higher.
That is why it got upset about the recent run up in long-term interest rates.
Long-term interest rates remain at their lowest in nearly a year.
"That sort of signal would allow long-term interest rates to come down a bit."
That new confidence could send the stock market higher and long-term interest rates lower.
Long-term interest rates have rarely been this low since 1981, but were often lower earlier than that.
It was the first time in more than six months that the long-term interest rate had topped 7 percent.
Long-term interest rates moved lower yesterday, helped by a drop in oil prices.
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