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Unformatted text preview: Bond Market Equilibrium Interest Rates Market for Money: LPF Equilibrium Interest Rates in LPF life insurance reserves,
2.00% checkable deposits and
currency, 1.00% savings and time
deposits, 10.00% money market funds,
5.00% bond and equity funds,
10.00% mortgages, 1.00% pension funds, 26.00% other, 7.00% tax exempt securities,
1.00% corporate bonds, 2.00% US governement
securities, 2.00% equities, 33.00% Aggregate US Household Portfolio Allocation Asset Demand ...
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