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Do Excess Holding-Period Returns Depend on the Composition of Outstanding Federal Debt?

The relationship between the composition of outstanding federal debt and the term structure of interest rates has been a much studied and debated subject. This note examines the relationship between the excess holding period returns and the composition of debt over the post-Accord period. The evidence fails to support a link between debt composition and excess holding period returns. Copyright 1996 by Ohio State University Press.
Year of publication:
1996
Authors: Wallace, Myles S ; Warner, John T
Published in:
Journal of Money, Credit and Banking. - Blackwell Publishing. - Vol. 28.1996, 1, p. 132-39
Publisher: Blackwell Publishing
Extent:
application/pdf
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10005530380
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