The mysterious Greek yield curve

The hump in the Greek yield curve exists because the calculated yields assume that the bonds will pay off at their full value but market prices incorporate expectations that the payoff will be much lower.>

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Year of publication:	2012
Authors:	Neely, Christopher J.
Published in:	Economic Synopses. - Federal Reserve Bank of St. Louis. - 2012, 6
Publisher:	Federal Reserve Bank of St. Louis
Subject:	Bonds \| Government securities \| Greece

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010727281