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Investments 4/c/e
Investments, 4th Canadian Edition, 4/e
Zvi Bodie, Boston University School of Management
Alex Kane, University of California, San Diego
Alan Marcus, Boston College
Stylianos Perrakis, Concordia University
Peter Ryan, University of Ottawa
The Term Structure of Interest Rates

Web Links

Prepared by William Lim, University of New Brunswick.
Term Structure of Bonds: Manhattan College
(http://pw1.netcom.com/~cameron0/termstr.htm)

This paper provides a critical review of theories of term structure that employ the risk neutral pricing methodology.
Term Structure of Interest Rates: The Financial Pipeline Inc.
(http://www.finpipe.com/termstru.htm)

The "term structure" of interest rates refers to the relationship between bonds of different terms. When interest rates of bonds are plotted against their terms, this is called the "yield curve". Economists and investors believe that the shape of the yield curve reflects the market's future expectation for interest rates and the conditions for monetary policy.
Interpretation of Forward Rates and Term Structure : Equity Analytics, Ltd.
(http://www.e-analytics.com/fued11.htm)

The interpretation of forward rates has to do with 'Term Structure'. There are three different theories of term structure. They are the Pure Expectation Theory, the Liquidity Premium Theory, and the Market Segmentation Theory. (Brief explanation).
The Term Structure of Interest Rates as a Leading Indicator of Economic Activities: Bank ...
(http://www.bank-banque-canada.ca/english/res/r951a-ea.htm)

The term structure of interest rates as a leading indicator of economic activity: A technical note, by Kevin Clinton. Bank of Canada Review article, Winter 1994-1995 (downloadable paper).
The Term Structure and Real Activity in Canada: Bank of Canada
(http://www.bank-banque-canada.ca/en/res/wp94-3.htm)

The term structure and real activity in Canada, by Barry Cozier and Greg Tkacz. Bank of Canada Working Paper 94-3, 1994 (downloadable paper).
Yield Curve Modeling at the Bank of Canada: Bank of Canada
(http://www.bank-banque-canada.ca/en/res/tr84-e.htm)

Yield curve modeling at the Bank of Canada, by David Bolder and David Streliski. Bank of Canada Technical Report No. 84, February 1999 (downloadable paper).
Yield Curves and What They Mean: E*Trade Canada
(http://www.canada.etrade.com/yieldcurves.shtml)

Yield curves and what they mean, by Richard Croft of E*Trade Canada. An explanation of the yield curve is given.
Interest Rates and Economic Information: Federal Reserve Bank of St. Louis
(http://www.stls.frb.org/)

Historical information on U.S. interest rates and other economic factors are available in the Federal Reserve Economic Database (FRED) at the Federal Reserve Bank of St. Louis. Data in FRE can be downloaded in spreadsheet format.
Government of Canada Bond Yields: Bank of Canada
(http://www.bank-banque-canada.ca/english/bonds.htm)

Government of Canada bond yields are mid-market closing rates. Also Weekly Financial Statistics (PDF format) for recent historical data or Selected historical interest rates for full historical data can be downloaded.




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