Why Does the Treasury Issue Tips? The Tips-Treasury Bond Puzzle
收藏NBER2010-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16358
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资源简介：
We show that the price of a Treasury bond and an inflation-swapped TIPS issue exactly replicating the cash flows of the Treasury bond can differ by more than $20 per $100 notional. Treasury bonds are almost always overvalued relative to TIPS. Total TIPS-Treasury mispricing has exceeded $56 billion,
提供机构：
美国国家经济研究局
创建时间：
2010-09-01
