Professor Ian Giddy's Foundations of Finance

Bond Risk Assignment


Here's an assignment on bond risk and return. Go to the Federal Reserve's statistical data Web site http://www.bog.frb.fed.us/releases/H15/data.htm and copy the following data (monthly, for the past three years or so) into a spreadsheet:

Graph them against time. Analyze changes in (1) the levels, (2) the spreads (difference between yields on different bonds), and (3) risk, as measured by standard deviation. Which of the three kinds looks relatively cheap at this time?


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