Central Government issues securities in financial markets to meet out its financial requirements for fulfilling its objectives towards overall economic and welfare development of the nation. Both money and capital markets help to float short term as well as long term securities before the public...

We incorporate a latent stochastic volatility factor and macroeconomic expectations in an affine model for the term structure of nominal and real rates. We estimate the model over 1999-2016 on U.S. data for nominal and TIPS yields, the realized and implied volatility of T-bonds and survey...