Risk-Free Rate Puzzle - RFRP
外汇网2021-06-19 16:01:47
94
An anomaly in the difference between the lower historic real returns of government bonds compared to equities. This puzzle is the inverse of the equity pmium puzzle, and looks at the disparity from the perspective from the lower returning government bonds.
|||The risk-free rate puzzle is used to explain why bond returns are lower than equity returns by looking at investor pference. If investors tend to seek out high returns, why do they invest heavily in government bonds rather than in equities? If investors did invest in more equities, returns from equities would fall, causing the returns for government bonds to rise and making the equity pmium smaller.
标签:
随机快审展示
推荐文章
- 黑马在线:均线实战利器 8720 阅读
- 短线交易技术:外汇短线博弈精讲 4057 阅读
- MACD震荡指标入门与技巧 4185 阅读
- 黄金操盘高手实战交易技巧 4535 阅读
- 做精一张图 3288 阅读
热门文章
- 港币符号与美元符号的区别是什么啊? 24951 阅读
- 我国各大银行汇率为什么不一样啊? 15091 阅读
- 越南盾对人民币怎么算的?越南盾对人民币汇率换算方法是什么 10267 阅读
- 百利好环球欺诈,不给出金,无法联系。 9778 阅读
- 黑马在线:均线实战利器 8720 阅读