The Demand for Treasury Debt
收藏NBER2007-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12881
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资源简介：
We show that the US Debt/GDP ratio is negatively correlated with the spread between corporate bond yields and Treasury bond yields. The result holds even when controlling for the default risk on corporate bonds. We argue that the corporate bond spread reflects a convenience yield that investors
提供机构：
美国国家经济研究局
创建时间：
2007-01-01
