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The Rest of the World’s Dollar-Weighted Return on U.S. Treasurys

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NBER2022-05-01 更新2025-01-04 收录
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Since 1980, foreign investors have timed their purchases and sales of U.S. Treasurys to yield particularly low returns. Their annual dollar-weighted returns, measured by the internal rate of return on their purchases and sales of Treasury bonds, are over 3.26 percentage points (pp) lower than a buy

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2022-05-01
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