The aim of this paper is to analyze the relation between maturity structure, sovereign bond yields and sovereign risk … relationship between sovereign bond yields, sovereign risk and the maturity structure of sovereign debt, regardless of the proxy … shortens the maturity structure of sovereign debt because it reduces the stock of long-term debt. The relationship between …

risk by increasing bond maturity with increasing marketable debt-to-GDP levels. It further engages in active but asymmetric …, one-sided interest rate positioning; i.e., it uses mostly bonds to affect debt maturity and does so only when the interest …

This paper examines the evolution of the maturity structure of marketable Treasury debt from 1953 to 1983. Average … maturity contracted erratically from 1953 to 1960, expanded through mid-1965, contracted again through late 1975, and then … expanded into the early 1980s. What accounts for these broad trends? In particular, what were the maturity objectives of …

We document that creditor losses ("haircuts") during sovereign debt restructurings vary across debt maturity. In our …