Hostname: page-component-586b7cd67f-dsjbd Total loading time: 0 Render date: 2024-11-28T16:29:14.741Z Has data issue: false hasContentIssue false
  • English
  • Français

Treasury Advanced Refundings: An Empirical Investigation

Published online by Cambridge University Press:  19 October 2009

William R. Bryan
Get access Rights & Permissions [Opens in a new window]

Extract

During the first half of the 1960s the U.S. Treasury conducted eleven advanced refundings. Publicly held Treasury securities aggregating $188,631 million were made eligible for exchange and $62,642 million were exchanged — an aggregate exchange ratio of 33 percent.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 7 , Issue 5 , December 1972 , pp. 2139 - 2150
Copyright
Copyright © School of Business Administration, University of Washington 1972

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

[1]Beard, Thomas R.U.S. Treasury Advance Refunding. Washington, D.C.: Board of Governors of the Federal Reserve System.Google Scholar
[2]Culbertson, J. M. “The Term Structure of Interest Rates.” Quarterly Journal of Economics, vol. 71 (November 1957), pp. 485–517.CrossRefGoogle Scholar
[3]Kessel, R. A.The Cyclical Behavior of the Term Structure of Interest Rates. NBER Occasional 91. New York, N.Y.: NBER, 1965.Google Scholar
[4]Meiselman, D.The Term Structure of Interest Rates. Englewood Cliffs, N.J.: Prentice Hall, Inc., 1962.Google Scholar
[5]U.S. Treasury Department. Debt Management and Advanced Refunding. 1960.Google Scholar