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...

Herein, I examine the secondary-market response of U.S. Treasury returns to pre-auction announcements of supply volumes and post-auction announcements of results from U.S. Treasury auctions during the declining-deficit period of the 1990s. Rate changes are found to differ significantly on...

Treasury bills and other near-money assets provide owners with liquidity service benefits that are reflected in prices in the form of a liquidity premium. I relate time variation in this liquidity premium to changes in the opportunity cost of money: The liquidity service benefits of near-money...

Treasury bills and other near-money assets provide owners with liquidity service benefits that are reflected in prices in the form of a liquidity premium. I relate time variation in this liquidity premium to changes in the opportunity cost of money: The liquidity service benefits of near-money...

I employ a sign-identified vector autoregression (VAR) in foreign Treasury purchases and factors of the yield curve to estimate the dynamic impacts of foreign Treasury purchases on Treasury yields. Although a growing literature studies this question, it does not adequately address the...

This paper seeks to analyse the impact of government debt and other macroeconomic variables on the long term bond yield for South Africa. Recent increases in the government budget deficit and its corresponding borrowing has renewed interest in understanding fiscal dynamics within the economy....

we examine empirical association of dated sovereign security (15 year sovereign. bond index) and interest rate of BRICS countries by using weekly data from 2001 to 2010. We used unit root test to check stationarity of data and it was found that one variable (bond) is stationary at level and...