AT SIXTY TRILLION DOLLARS, the market value of US fixed-income securities is twice as large as the market capitalization of all US corporations and thrice the size of the American economy as measured by GDP. These debt securities consist of some $12tn in corporate bonds, $15tn in mortgages, another $15tn in
An Illustrated Guide to the Yield Curve
An Illustrated Guide to the Yield Curve
An Illustrated Guide to the Yield Curve
AT SIXTY TRILLION DOLLARS, the market value of US fixed-income securities is twice as large as the market capitalization of all US corporations and thrice the size of the American economy as measured by GDP. These debt securities consist of some $12tn in corporate bonds, $15tn in mortgages, another $15tn in