Question
A new auction of Treasury notes was just completed yesterday. The market yield for these notes is noticeably lower than older, seasoned Treasury bonds with
A new auction of Treasury notes was just completed yesterday. The market yield for these notes is noticeably lower than older, seasoned Treasury bonds with the same maturity as the newer notes. This pervasive phenomenon in the Treasury market is most likely due to differential _____ effects within the Treasury sector.
maturity
taxation
default risk
liquidity
Federal reserve
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
