Do Excess Holding-Period Returns Depend on the Composition of Outstanding Federal Debt?
研究未偿联邦债务构成与超额持有期收益之间的关系，发现两者在战后时期没有显著关联。
The relationship between the composition of outstanding federal debt and the term structure of interest rates has been a much studied and debated subject. This note examines the relationship between the excess holding period returns and the composition of debt over the post-Accord period. The evidence fails to support a link between debt composition and excess holding period returns. Copyright 1996 by Ohio State University Press.