Yesterday I made a post suggesting weekly discussions about papers/articles. A few redditors seemed interested (got like 10 upvotes yay), so I uploaded a paper by AQR on google drive, you can access it here: https://drive.google.com/file/d/10dR50x16gPR6jvZP9Imn2Y5vyKHg9QrC/view?usp=sharing
The objective of the paper is to prove that even in low yield environments, bonds can still offer a good excess return if the yield curve is normal. You can comment the PDF if you have any question or answer the few questions I had reading the paper.
If you are interested in learning more about the yield curve, here are 2 links that could be interesting:
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https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&year=2018 (The yield curve, daily)
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http://econbrowser.com/archives/2006/07/reading_the_yie (A short guide on how to read the yield curve, data is old)
I am interested in learning more about the yield curve and how to calculate/understand the term premium and the expected future interest rate.
Research paper source: https://www.aqr.com/Insights/Research/White-Papers/Asset-Allocation-in-a-Low-Yield-Environment
Submitted March 14, 2018 at 06:02PM by etienner http://ift.tt/2HAJmRZ
