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Re: moore on term structure (Wray's post)

Randy and Basil:

Perhaps I'm missing something but the straighforward answer for the long
maturity premium is that long bonds have greater interest rate risk, and
most bond investors are risk averse....right?

Chris

On Tue, 7 Oct 1997, Randy Wray wrote:

> basil
> why is the term structure almost always positive (LTr>STr)? do mkts
> almost always expect fed to increase str?
> randy wray
>
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