Hedging corporate debt with U.S. treasur
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Robert C. Kuberek; Norman G. Pefley
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Article
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1983
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John Wiley and Sons
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English
β 560 KB
ecent articles on the hedging effectiyeness of interest-rate futures have fo-R cused on the relationship betpbeen futures contracts and their underlying cash instruments. Ederington (1979) examines the use of Treasury bill and GNMA futures to hedge the price risk in holding Treasury bills and GNMA c