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Amihud et al., 1991 - Google Patents

Liquidity, maturity, and the yields on US Treasury securities

Amihud et al., 1991

Document ID
18091570561569329416
Author
Amihud Y
Mendelson H
Publication year
Publication venue
The Journal of Finance

External Links

Snippet

The effects of asset liquidity on expected returns for assets with infinite maturities (stocks) are examined for bonds (Treasury notes and bills with matched maturities of less than 6 months). The yield to maturity is higher on notes, which have lower liquidity. The yield …
Continue reading at onlinelibrary.wiley.com (other versions)

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