Government Bond Risk and Return in the US and China

These are the data and code from our paper "Government Bond Risk and Return in the US and China," 2026, Journal of Financial Economics, Vol. 176, 104224. Please see that paper for details.
There appear to be a couple of files missing from Version 2. Version 3 should be complete. Otherwise they are identical.

本数据集与代码源自我们发表于《金融经济学杂志（Journal of Financial Economics）》2026年第176卷、文章编号104224的论文《中美政府债券的风险与收益（Government Bond Risk and Return in the US and China）》，详细信息请参见该论文。
第二版（Version 2）似乎缺失了部分文件，第三版（Version 3）应为完整版本，二者其余内容完全一致。