FinansIs the term premium rubbish?Plus, the carbon premium.[The increase in long-term yields] is really happening in term premiums, which is the compensation for holding longer-term securities, and not principally a function of the market looking at the [fed funds] rate, said Fed chair Jay Powell in a recent speech.Foto: Kevin Dietsch/AFP/NTBEthan Wu (FT)Robert Armstrong (FT)