After the Debt Ceiling Bill was passed on August 2, 2011, the S&P 500 index returns volatility increased significantly until the end of 2011. This research investigates the return volatility movements in S&P 500 spot index and index futures markets, the lead/lag relationship between two markets,...

The prices of maturing US Treasury Inflation-Protected Securities (TIPS) during the last 6-month coupon period reveal whether the market is anticipating an inflationary or disinflationary regime. Against the benchmark of the Treasury bill yield to adjust for the time value of money, maturing...