'Quick' Methods of Estimating the Price of Government Bonds

Christopher Green

Oxford Bulletin of Economics and Statistics, 1991, vol. 53, issue 3, 295-311

Abstract: This paper considers different "quick" methods of estimating an index for the price of government bonds and applies these methods to postwar U.K. data. It is shown that different indices produce substantially different estimates of the average price of bonds. The preferred index is an estimate of the ratio of the market value of the stock of bonds to its par value. It has the advantage that it can be calculated using published data mainly on redemption yields that are readily available over relatively long time periods. Copyright 1991 by Blackwell Publishing Ltd

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:bla:obuest:v:53:y:1991:i:3:p:295-311

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