TITLE

Diminishing Treasury Supply: Implications and Benchmark Alterations

AUTHOR(S)
Zamsky, Steven A.
PUB. DATE
October 2000
SOURCE
Business Economics;Oct2000, Vol. 35 Issue 4, p25
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Over the last year, the fixed income markets have become increasingly subject to technical distortions as the development of a U.S. government surplus has resulted in a diminishing supply of U.S. Treasury securities. This technical pressure has substantially inverted the yield curve, increased levels and volatility in yield spreads between government bonds and other fixed income securities, and created a great deal of confusion among market participants regarding appropriate benchmarks. The supply-induced inversion affects corporate finance, risk management, valuation and asset allocation, and will force the adoption of alternative benchmarks.
ACCESSION #
3765382

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics