Cebula, Richard; Angjellari-Dajci, Fiorentina; Foley, Maggie - In: Journal of Economics and Finance 38 (2014) 4, pp. 712-720
impact of the federal budget deficits on the ex post real interest rate yield on 10 year Treasury notes. For the period 1960 …–2012, an autoregressive 2SLS estimate finds that the ex post real interest rate yield on 10 year U.S. Treasury notes is an … increasing function of the ex post real interest rate yield on Moody’s Baa-rated corporate bonds, the ex post real interest rate …