Expectations Theory

外汇网2021-06-19 14:09:49 55

A theory proposing that long-term interest rates can act as a pdictor of future short-term interest rates.

|||Empirical evidence suggests this hypothesis often overstates future short-term interest rates. This over-estimation may be due to the higher risk pmium associated with holding a long-term debt security whose yield is more uncertain due to potential changes in interest rates.

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