Are U.S. Treasuries Still “Convenient”?

Julian Kozlowski and Nicholas Sullivan

On the Economy from Federal Reserve Bank of St. Louis

Abstract: The convenience yield reflects the value that investors place on the liquidity and safety of U.S. Treasuries. Three different measures indicate this yield has fallen in recent years.

Keywords: Treasuries; convenience yield; credit spreads; corporate bonds (search for similar items in EconPapers)
Date: 2025-10-14
New Economics Papers: this item is included in nep-inv
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:101940

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