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 show that the class of linear-rational square-root (LRSQ) model is able to match the cross section of yields and the time variability of conditional yield volatility simultaneously. Models in this class are, in this regard, able to break the tension noted for the affine term structure models...