Bliss, Robert R.; Ronn, Ehud I. - In: Economic Review (1995) Nov, pp. 1-14
Until 1984, the U.S. Treasury typically issued its long-term bonds in callable form. A number of these securities, totaling $93.8 billion in face value, remain outstanding. After a call protection period, usually five years prior to maturity, the Treasury can call the bonds but must give prior...