Download This PaperThe Risk-Free U.S. Bond Rate: Errors in Construction and Use in Econometric Work
36 Pages Posted: 24 Aug 2012
Date Written: December 1, 1977
Abstract
Observed differentials among yield series for different types of long-term instruments -- U.S. government bonds, municipal bonds, corporate bonds and residential mortgages -- vary considerably over time.
Suggested Citation: Suggested Citation
Hendershott, Patric H. and Cook, Timothy, The Risk-Free U.S. Bond Rate: Errors in Construction and Use in Econometric Work (December 1, 1977). FRB Richmond Working Paper No. 77-3, Available at SSRN: https://ssrn.com/abstract=2116556 or http://dx.doi.org/10.2139/ssrn.2116556
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