Yield curve as an indicator of bonds issuers' default risk

The article analyzes the yield curve as a macroeconomic indicators, which enables to estimate the systematic risk of investing in bonds. For the purposes of analysis considered yield to maturity T-bills. It is shown that the type of yield curve to these debt instruments determines the state of the economy and acts as an indicator of bond issuers' default risk.

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Year of publication:	2012
Authors:	Leonov Sergey V.
Published in:	Business Inform. - ISSN 2222-4459. - 2012, 8, p. 167-169
Subject:	yield to maturity \| T-bills \| yield curve \| default risk \| bonds issuers

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

Persistent link: https://www.econbiz.de/10010855515