During 2008, the yield gap (yield spread) between three-month AA-rated notes and three-month AA-rated non-financial notes continued
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During 2008, the yield gap (yield spread) between three-month AA-rated notes and three-month AA-rated non-financial notes continued to grow from near zero normal levels, soaring to a high of more than 1% in October 2008. How would you account for this sudden rise in the spread?
Related Book For
The Economics of Money Banking and Financial Markets
ISBN: 978-0133836790
11th edition
Authors: Frederic S. Mishkin
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