scholarly journals Treasury Bond Return Data Starting in 1962

Data ◽  
2019 ◽  
Vol 4 (3) ◽  
pp. 91
Author(s):  
Laurens Swinkels
Keyword(s):  
The United States ◽  
United States Government ◽  
Treasury Bonds ◽  
Government Bonds ◽  
Standard Textbook ◽  
Bond Returns ◽  
Treasury Bond ◽  
Bond Return ◽  
Investor Returns ◽  
Starting Date

Academics and research analysts in financial economics frequently use returns on government bonds for their empirical analyses. In the United States, government bonds are also called Treasury bonds. The Federal Reserve publishes the yield-to-maturity of Treasury bonds. However, the Treasury bond returns earned by investors are not publicly available. The purpose of this study is to provide these currently not publicly available return series and provide formulas such that these series can easily be updated by researchers. We use standard textbook formulas to convert the yield-to-maturity data to investor returns. The starting date of our series is January 1962, when end-of-month data on the yield-to-maturity become publicly available. We compare our newly created total return series with alternative series that can be purchased. Our return series are very close, suggesting that they are a high-quality public alternative to commercially available data.

Amid many unknowns, EM assets will remain strained

2017 ◽  
Keyword(s):  
Emerging Market ◽  
Treasury Bonds ◽  
Government Bonds ◽  
Content Type ◽  
Bond Yield ◽  
The Us ◽  
Equity Funds ◽  
Treasury Bond ◽  
Mexican Peso ◽  
Bureau Of Labor Statistics

Subject Emerging markets under strain from dollar rally. Significance The US Bureau of Labor Statistics reported on January 6 that average hourly earnings grew at the fastest pace since 2009 in December -- a further fillip to the ‘trumpflation trade’ that has gripped financial markets since the victory of Donald Trump in the US presidential election. Expectations of further Fed rate increases have driven the dollar index and the ten-year Treasury bond yield higher, straining emerging market (EM) assets. EM mutual equity funds have suffered a wave of uninterrupted outflows since Trump’s victory. The Mexican peso and the Turkish lira have plumbed record lows against the dollar. Impacts Many EMs are preparing to sell dollar-denominated debt in anticipation of higher borrowing costs, including Argentina, Brazil and Nigeria. Speculative bets against US Treasury bonds have risen to a record high amid expectations of higher US inflation and further rate hikes. The stock of negative-yielding government bonds stands at 10.8 trillion dollars, fuelling demand for higher-yielding securities. In April, the US Treasury’s next Foreign Exchange Report could label China a currency manipulator though the criteria would need to change.

US dollar has firm fundamentals despite market doubts

2017 ◽  
Keyword(s):  
The United States ◽  
Economic Policies ◽  
Stock Market Index ◽  
Treasury Bonds ◽  
Government Bonds ◽  
Content Type ◽  
Market Index ◽  
The Us ◽  
First Time ◽  
High Uncertainty

Subject The Dow Jones US stock market index rose above 20,000 for the first time on January 25 but in contrast the dollar has weakened recently, betraying investor nerves about upcoming US policies. Significance After surging by more than 5.5% in the seven weeks following the US election, the dollar has fallen by 2.7% since December 20 amid signs that investor enthusiasm for the shift to reflationary policies is waning. US President Donald Trump’s protectionist and anti-establishment inaugural address on January 20 reinforced the downturn. Trump has also questioned the United States' long-standing ‘strong dollar’ policy -- clouding the outlook further as more Federal Reserve (Fed) rate rises will increase the attractiveness of the dollar, potentially setting the Fed on a collision course with Trump. Impacts Fears of an abrupt end to the 30-year bull market in government bonds have eased because of high uncertainty over Trump’s economic policies. The yen has plunged 9% since the US election, leading to a double-digit rise in equities -- and restoring some confidence in ‘Abenomics’. The spread between the yield on two-year US Treasury bonds and its German equivalent is 187 basis-points, reflecting monetary divergence.

scholarly journals Stock Market Uncertainty and the Stock-Bond Return Relation

2005 ◽  
Vol 40 (1) ◽  
pp. 161-194 ◽  
Author(s):  
Robert Connolly ◽  
Chris Stivers ◽  
Licheng Sun
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Implied Volatility ◽  
Market Uncertainty ◽  
Market Pricing ◽  
Negative Relation ◽  
Bond Returns ◽  
Treasury Bond ◽  
Bond Return ◽  
Equity Index

AbstractWe examine whether time variation in the comovements of daily stock and Treasury bond returns can be linked to measures of stock market uncertainty, specifically the implied volatility from equity index options and detrended stock turnover. From a forward-looking perspective, we find a negative relation between the uncertainty measures and the future correlation of stock and bond returns. Contemporaneously, we find that bond returns tend to be high (low) relative to stock returns during days when implied volatility increases (decreases) substantially and during days when stock turnover is unexpectedly high (low). Our findings suggest that stock market uncertainty has important cross-market pricing in-fluences and that stock-bond diversification benefits increase with stock market uncertainty.

The Equity Volatility-Volume Ratio and Treasury Bond Returns

2019 ◽  
Author(s):  
Stefanie Schraeder ◽  
Elvira Sojli ◽  
Avanidhar Subrahmanyam ◽  
Wing Wah Tham
Keyword(s):  
Volume Ratio ◽  
Bond Returns ◽  
Treasury Bond

Cold War Exiles and the CIA

2019 ◽  
Author(s):  
Benjamin Tromly
Keyword(s):  
World War Ii ◽  
Cold War ◽  
Soviet Union ◽  
The United States ◽  
West Germany ◽  
United States Government ◽  
Home Base ◽  
The Soviet Union ◽  
The Cold War ◽  
Secret War

During the height of the Cold War in the 1950s, the United States government unleashed covert operations intended to weaken the Soviet Union. As part of these efforts, the CIA undertook support of Russian exiles, populations uprooted either during World War II or by the Russian Revolution decades before. No one seemed better prepared to fight in the American secret war against communism than the uprooted Russians, whom the CIA directed to carry out propaganda, espionage, and subversion operations from their home base in West Germany. Yet the American engagement of Russian exiles had unpredictable outcomes. Drawing on recently declassified and previously untapped sources, Cold War Exiles and the CIA examines how the CIA’s Russian operations became entangled with the internal struggles of Russia abroad and also the espionage wars of the superpowers in divided Germany. What resulted was a transnational political sphere involving different groups of Russian exiles, American and German anti-communists, and spies operating on both sides of the Iron Curtain. Inadvertently, CIA’s patronage of Russian exiles forged a complex sub-front in the wider Cold War, demonstrating the ways in which the hostilities of the Cold War played out in ancillary conflicts involving proxies and non-state actors.

Labor’s Cold Warriors: The American Federation of Labor and “Free Trade Unionism” in Cold War Japan

2003 ◽  
Vol 12 (3-4) ◽  
pp. 207-224 ◽  
Author(s):  
Christopher Gerteis
Keyword(s):  
World War Ii ◽  
Cold War ◽  
Soviet Union ◽  
Western Europe ◽  
The United States ◽  
Central Intelligence Agency ◽  
United States Government ◽  
American Federation Of Labor ◽  
Intelligence Agency ◽  
American Federation

AbstractDuring the 1950s, the American Federation of Labor (AFL) led a global covert attempt to suppress left-led labor movements in Western Europe, the Mediterranean, West Africa, Central and South America, and East Asia. American union leaders argued that to survive the Cold War, they had to demonstrate to the United States government that organized labor was not part-and-parcel with Soviet communism. The AFL’s global mission was placed in care of Jay Lovestone, a founding member of the American Communist Party in 1921 and survivor of decades of splits and internecine battles over allegiance to one faction or another in Soviet politics before turning anti-Communist and developing a secret relation with the Central Intelligence Agency (CIA) after World War II. Lovestone’s idea was that the AFL could prove its loyalty by helping to root out Communists from what he perceived to be a global labor movement dominated by the Soviet Union. He was the CIA’s favorite Communist turned anti-Communist.

scholarly journals Assessing Student Learning Outcomes in United States Government Courses

2010 ◽  
Vol 43 (01) ◽  
pp. 127-131 ◽  
Author(s):  
Leonard Champney ◽  
Paul Edleman
Keyword(s):  
United States ◽  
Political Science ◽  
Student Learning Outcomes ◽  
The United States ◽  
United States Government ◽  
Science Majors ◽  
Student Knowledge ◽  
States Government ◽  
Current Events ◽  
Males And Females

AbstractThis study employs the Solomon Four-Group Design to measure student knowledge of the United States government and student knowledge of current events at the beginning of a U.S. government course and at the end. In both areas, knowledge improves significantly. Regarding knowledge of the U.S. government, both males and females improve at similar rates, those with higher and lower GPAs improve at similar rates, and political science majors improve at similar rates to non-majors. Regarding current events, males and females improve at similar rates. However, those with higher GPAs and political science majors improve more than others.

Sign in / Sign up

Export Citation Format

Share Document