Corcoran, Charles - In: Global Journal of Business Research 7 (2013) 2, pp. 95-102
This paper investigates how recent changes in market interest rates have affected risk-adjusted returns. Returns are adjusted for duration, a measure of interest rate risk. Prior to the 2007 - 2008 rate decrease, one-year Treasuries offered the best risk/return tradeoff. As a result of the rate...