The Yields That Bind: Treasury Bill Yields and the Philippine Corporate Bond Yield Spreads (pre-Covid 2012–2019)
The paper’s base reference is Duffee (1998). He examined the inverse relationship between the U.S. Treasury bill yields (TBY) and the corporate bond yield spreads (CBYS). Eight years of historical data on the Philippine CBYS from 2012–2019 and data on TBY were analyzed using OLS regression. To exami...
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oai:animorepository.dlsu.edu.ph:ber-10212024-08-08T07:00:04Z The Yields That Bind: Treasury Bill Yields and the Philippine Corporate Bond Yield Spreads (pre-Covid 2012–2019) Arce, Maurice Dorado, Carlos Pascua, Justine Robles, Paul The paper’s base reference is Duffee (1998). He examined the inverse relationship between the U.S. Treasury bill yields (TBY) and the corporate bond yield spreads (CBYS). Eight years of historical data on the Philippine CBYS from 2012–2019 and data on TBY were analyzed using OLS regression. To examine, if the results hold in the Philippines and given that the bond market in the country differs from the U.S. bond markets, will the results of Duffee (1998) persist? Although the paper focused on providing evidence on one of the most basic, well-established inverse relationships between TBY and inflation to CBYS, the study sets the groundwork and embarks on a solid foundation leading to the development of the Philippine bond market in the years to come. 2024-07-01T07:00:00Z text https://animorepository.dlsu.edu.ph/ber/vol34/iss1/22 DLSU Business & Economics Review Animo Repository Philippine corporate bond yields Treasury bill yields inflation pre-COVID Finance and Financial Management |
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Philippine corporate bond yields Treasury bill yields inflation pre-COVID Finance and Financial Management |
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Philippine corporate bond yields Treasury bill yields inflation pre-COVID Finance and Financial Management Arce, Maurice Dorado, Carlos Pascua, Justine Robles, Paul The Yields That Bind: Treasury Bill Yields and the Philippine Corporate Bond Yield Spreads (pre-Covid 2012–2019) |
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The paper’s base reference is Duffee (1998). He examined the inverse relationship between the U.S. Treasury bill yields (TBY) and the corporate bond yield spreads (CBYS). Eight years of historical data on the Philippine CBYS from 2012–2019 and data on TBY were analyzed using OLS regression. To examine, if the results hold in the Philippines and given that the bond market in the country differs from the U.S. bond markets, will the results of Duffee (1998) persist? Although the paper focused on providing evidence on one of the most basic, well-established inverse relationships between TBY and inflation to CBYS, the study sets the groundwork and embarks on a solid foundation leading to the development of the Philippine bond market in the years to come. |
| format |
text |
| author |
Arce, Maurice Dorado, Carlos Pascua, Justine Robles, Paul |
| author_facet |
Arce, Maurice Dorado, Carlos Pascua, Justine Robles, Paul |
| author_sort |
Arce, Maurice |
| title |
The Yields That Bind: Treasury Bill Yields and the Philippine Corporate Bond Yield Spreads (pre-Covid 2012–2019) |
| title_short |
The Yields That Bind: Treasury Bill Yields and the Philippine Corporate Bond Yield Spreads (pre-Covid 2012–2019) |
| title_full |
The Yields That Bind: Treasury Bill Yields and the Philippine Corporate Bond Yield Spreads (pre-Covid 2012–2019) |
| title_fullStr |
The Yields That Bind: Treasury Bill Yields and the Philippine Corporate Bond Yield Spreads (pre-Covid 2012–2019) |
| title_full_unstemmed |
The Yields That Bind: Treasury Bill Yields and the Philippine Corporate Bond Yield Spreads (pre-Covid 2012–2019) |
| title_sort |
yields that bind: treasury bill yields and the philippine corporate bond yield spreads (pre-covid 2012–2019) |
| publisher |
Animo Repository |
| publishDate |
2024 |
| url |
https://animorepository.dlsu.edu.ph/ber/vol34/iss1/22 |
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1808616373952184320 |