Skip to Main Content

Working Papers

December 1977, No. 77-3

The Risk-Free U.S. Bond Rate: Errors in Construction and Use in Econometric Work

Patric H. Hendershott and Timothy Q. Cook

Observed differentials among yield series for different types of long-term instruments--U.S. government bonds, municipal bonds, corporate bonds and residential mortgages--vary considerably over time. 

phone Contact Us

Karl Rhodes (804) 697-8144