secondary market prices of outstanding bonds -- sorted by maturity and credit risk. Relative to an autoregressive benchmark, BMA …

Federal Reserve's maturity extension program (MEP), intended to lower longer-term rates and flatten the yield curve by …

creditors losing faith in the long-run prospects of the bank, hence forcing it to shorten its debt maturity. Finally, we build a … model that endogenizes the debt maturity structure and predicts that worse market expectations lead to a maturity shortening …

This paper studies optimal debt maturity in an economy with repayment enforcement frictions and investors disagree … about repayment probabilities. The optimal debt maturity choice is a mix of long- and short-term debt securities. Spreading … time, thereby increasing investment and output. By contrast, a single maturity, either all long- or short-term, will be …