N4

Go to the St. Louis Federal Reserve FRED database and find data on net worth of households and nonprofits (BOGZ1FL192090005Q) and the 10-year U.S. Treasury bond (GS10). For the net worth indicator, adjust the units setting to "Percent Change from Year Ago," and for the 10-year bond, adjust the frequency setting to "Quarterly."

a. What is the percent change in net worth from Q2 2021 to Q2 2022? All else being equal, what do you expect should happen to the price and yield on the 10-year Treasury bond? Why?

b. What is the change in yield on the 10-year Treasury bond from Q2 2021 to Q2 2022? Is this result consistent with your answer to part (a)? Briefly explain.