S tling rapidity. This remarkable growth has fueled itself to a large extent with 'See Branch (1978), Capozza and Cornell (1979), Lang and Rasche (1978), Poole (1978), Puglisi (1978), Rendleman and Carabini (1979), and Vignola and Dale (1979, 1980). All of these articles are reprinted in Gay and Kol
Are Liquidity and Information Risks Priced in the Treasury Bond Market?
โ Scribed by HAITAO LI; JUNBO WANG; CHUNCHI WU; YAN HE
- Book ID
- 109176565
- Publisher
- John Wiley and Sons
- Year
- 2009
- Tongue
- English
- Weight
- 450 KB
- Volume
- 64
- Category
- Article
- ISSN
- 0022-1082
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
he underlying asset on a Treasury-bond futures contract in the Chicago T Board of Trade (CBT) is not a real asset, but is rather a hypothetical 15-yearmaturity government bond bearing an 8% coupon. Because the contract is settled using actual government bonds, the CBT is required to establish conver
More specifically, futures prices may influence storage and inventory decisions and may exact an important influence on production decisions. This is their price discovery function. Futures markets are seen as an efficient collector, processor, and disseminator of information. 'The large number of
The authors gratefully acknowledge the assistance of Dr. Jim Wook Choi of the Chicago Board of Trade and the helpful comments provided by Franklin Edwards, the editorial staff and the anonymous referees of the Journal. Iln light of the October 19, 1987 market "crash," this argument is also shared b