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Should the U.S. Government Issue Floating Rate Notes?

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NBER2020-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27065
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资源简介:
Since January 2014 the U.S. Treasury has been issuing floating rate notes (FRNs). We estimate that the U.S. FRNs have been paying excess interest between 5 and 39 basis points above the implied cost for other Treasury securities. We find a strong positive relation between our estimated excess
创建时间:
2020-04-01
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