Managing the maturity structure of marketable treasury debt: 1953-1983

This paper examines the evolution of the maturity structure of marketable Treasury debt from 1953 to 1983. Average maturity contracted erratically from 1953 to 1960, expanded through mid-1965, contracted again through late 1975, and then expanded into the early 1980s. What accounts for these broad trends? In particular, what were the maturity objectives of Treasury debt managers? Were they able to achieve their objectives? Why or why not?

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Year of publication:	2020
Authors:	Garbade, Kenneth D.
Publisher:	New York, NY : Federal Reserve Bank of New York
Subject:	Treasury debt management \| maturity structure of debt \| advance refundings

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Series:	Staff Reports ; 936
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1726663396 [GVK] hdl:10419/241129 [Handle]
Classification:	G28 - Government Policy and Regulation ; H63 - Debt; Debt Management ; N22 - U.S.; Canada: 1913-
Source:	EconStor

Persistent link: https://www.econbiz.de/10012619513