Roush, Jennifer E. - Federal Reserve Board (Board of Governors of the … - 2008
-the-run nominal bonds in section 2 above.
- 14 -
Figure 7: On-the-Run Liquidity Premium in the Nominal
Treasury Market on …
signal of increased risk aversion or higher perceived risk that prompts investors to shift
out of equities and into bonds …. Moreover, a variety of risk spreads, including those of
U.S. corporate bonds and emerging market sovereign debt, over …