Published Journal of Monetary Economics Online 1 Jun 2026 Published Jul 2026Unconventional monetary policy spillovers and the (in)convenience of TreasuriesKarlye Dilts Stedman · Andrew HansonThe paper asks why unconventional monetary policy (UMP) spillovers from the European Central Bank (ECB) to the U.S. Treasury yield curve vary so substantially over time, and whether the time-varying …