Why do term structures in different currencies co-move?

Keyphrases

• Macroeconomic Shocks 100%
• Risk Compensation 66%
• Shock 33%
• Yield Curve 33%
• Inflation 33%
• Central Bank 33%
• Covariance 33%
• Germany 33%
• Economic Environment 33%
• Bond Yields 33%
• Yield Limit 33%
• Term Rate 33%
• Long-term Bonds 33%

Economics, Econometrics and Finance

• Shock 100%
• Inflation 33%
• Investors 33%
• Central Bank 33%
• Yield Curve 33%