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What Caused the Decline in Long-term Yields?
- Source :
-
FRBSF Economic Letter . 7/8/2013, Vol. 2013 Issue 19, p1-5. 5p. - Publication Year :
- 2013
-
Abstract
- The article focuses on the identification on the sources of the decline in the long-term bond yields of the U.S. It says that the bias-corrected estimates in the standard methods imply the attribution of the decline in long-term interest rates to lower risk compensation. It adds that the correction of the estimation bias is vital to understand the dynamics of interest rates.
- Subjects :
- *RATE of return
*BONDS (Finance)
*INTEREST rates
*ESTIMATION bias
*PENSIONS
Subjects
Details
- Language :
- English
- ISSN :
- 0890927X
- Volume :
- 2013
- Issue :
- 19
- Database :
- Academic Search Index
- Journal :
- FRBSF Economic Letter
- Publication Type :
- Periodical
- Accession number :
- 89165437