in Bookkeeping
Chapter Four: Bonds And Sinking Funds Arithmetic Of Finance
It reflects expectations of falling future rates, pushed by anticipated downturns or deflationary pressures. The Pure Expectations Theory explains this pattern, as demand for long-term bonds increases, lowering their yields. An inverted curve impacts bond pricing, as long-term bonds might even see Imputed Yields Of A Sinking Fund Bond And The Term Structure Of Interest[...]
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