Yield curve as an indicator of bonds issuers' default risk

Leonov Sergey V. ()
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Leonov Sergey V.: Ukrainian Academy of Banking of the National Bank of Ukraine

Business Inform, 2012, issue 8, 167_169

Abstract: The article analyzes the yield curve as a macroeconomic indicators, which enables to estimate the systematic risk of investing in bonds. For the purposes of analysis considered yield to maturity T-bills. It is shown that the type of yield curve to these debt instruments determines the state of the economy and acts as an indicator of bond issuers' default risk.

Keywords: yield to maturity; T-bills; yield curve; default risk; bonds issuers (search for similar items in EconPapers)
Date: 2012
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