Treasury security rates

  • Can you explain to me how rates on Treasury securities affect other rates in our economy? Can you descirbe for me the trend in interest rates over the past year for various maturities of Treasury securities?


  • Hi! I was able to find a very nice article which is an answer to your first question. On the second question I haven't been successful. Would it be ok for you to break this question into 2 questions with an adjustment of price so that I might be able to provide an answer for the first one? Thanks!


  • If you could possibly find a yield curve in regards to 10-year treasury note and then from this descirbe the trend in interest ratess over the past year for the various maturities of Treasury securities.


  • The following site is probably the best one for your needs: http://www.stockcharts.com/charts/YieldCurve.html Using the animated chart, one can take a "snapshot" of the yield one year ago and then generate a graphical picture of what has happened over the subsequent year using the animation function. Interest rates for all maturities have dropped, with the sharpest decline in absolute terms being in 5 and 10-year securities, followed by 30 year securities. The overall curve remains steep. Here is another yield curve animation: http://www.smartmoney.com/onebond/index.cfm?story=yieldcurve There is an animated tool which allows you to display the treasury yield curve from March of 1977 through April of 2003. Useful information about the various types of yield curves is also provided. Detailed quantitative information by day on treasury interest rates can be obtained from the U.S. Treasury at: http://www.ustreas.gov/offices/domestic-finance/debt-management/interest-rate/yield-hist.html Treasuries influence other interest rates in the economy because they are directly calculated from them. Some examples: mortgages: http://mortgage-x.com/general/treasury.asp, http://www.fanniemae.com/markets/mbssecurities/about_mbs/arms/arm_features.jhtml?p=Mortgage-Backed+Securities student-loan interest rates: http://www.salliemae.com/apply/borrowing/interest_fed.html A more mathematical discussion of how treasury securities are used to calculate interest rates is found in the following Excel spreadsheet: http://www.coba.unt.edu/firel/conoverj/F5170/ToolKits/Ch%2005%20Tool%20Kit.xls (text version) http://216.239.37.100/search?q=cache:GPrnbQ9XXJQJ:www.coba.unt.edu/firel/conoverj/F5170/ToolKits/Ch%252005%2520Tool%2520Kit.xls+Determination+of+interest+rates+treasuries&hl=en&ie=UTF-8 Short-term treasury securities are used to establish a risk-free rate of return, while long-term treasury securities are used to establish risk arising from inflation and fluctuating interest rates. Because the rates of treasury securities are established by a very liquid free market, they are considered the best "collective wisdom" available regarding inflation and interest rate expectations at any point in time. Given that someone loaning money to anyone other than the government runs additional the additional risks of possible lack of liquidity and possible nonrepayment, a premium is added to the treasury rates to generate an expectation of a profit that compensates for the additional risks taken by loaning someone money compared to investing in treasury securities. I hope this addresses your questions. Wonko


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