A Model for the Efficient Investment of Temporary Funds by Corporate Money Managers
Description:
In this study seventeen various relationships between yields of three-month, six-month, and twelve-month maturity negotiable CD's and U.S. Government T-Bills were analyzed to find a leading indicator of short-term interest rates. Each of the seventeen relationships was tested for correlation with actual three-, six-, and twelve-month yields from zero to twenty-six weeks in the future. Only one relationship was found to be significant as a leading indicator. This was the twelve-month yield minus…
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Date:
August 1974
Creator:
McWilliams, Donald B., 1936-