Question: Take a look back at Figure. Notice the wide range of coupon rates. Why are they so different? Treasury Notes & Bonds Asked yield Maturity

Take a look back at Figure. Notice the wide range of coupon rates. Why are they so different?

Treasury Notes & Bonds Asked yield Maturity 2013 May 31 2015 Apr 30 2016 Mar 31 2018 May 15 2018 May 31 2018 Nov 15 2019 Feb 15 2019 May 15 2019 Aug 15 2019 Nov 15 2020 Feb 15 2020 Nov 15 2021 Feb 15 2021 Aug 15 2021 Nov 15 2022 Aug 15 2022 Nov 15 2023 Feb 15 2023 Aug 15 2024 Nov 15 2025 Feb 15 2025 Aug 15 2026 Feb 15 2027 Feb 15 2028 Aug 15 2028 Nov 15 2029 Feb 15 2029 Aug 15 2030 May 15 2031 Feb 15 2036 Feb 15 2037 Feb 15 2037 May 15 2038 Feb 15 2038 May 15 2039 Feb 15 2039 May 15 2039 Nov 15 2040 Feb 15 2040 Nov 15 2041 Feb 15 2041 May 15 Coupon 9 unch 106:03 104:30 0.4214 104:31 1.6305 2.2053 2.3945 2.4595 2.4162 2.6172 2.5561 144:10 144:13 2.375 108:23 108:24 145:06 103:20 103:19 140:29 104:23 -4 2.7998 3.0187 3.0292 3.0096 3.0612 104:31 144:19 143:27 137:27 141:24 136:31 128:14 142:25 144:14 136:12 126:10 134:16 120:29 117:18 117:19 129:14 104:31 144:22 143:29 137:29 -6 3.2294 3.2898 3.3810 3.4842 3.5078 3.5827 3.6640 3.7062 3.8274 3.8546 3.8658 3.8549 3.8823 3.9382 4.1390 4.1519 4.1440 4.1889 4.1886 4.2389 4.2240 4.2306 4.2215 4.2462 4.2287 4.2406 137:01 144:16 5.250 10 119:18 105:16 10 12 102:29 104:30 102:31 105:00 102:11 106:20 100:01 108:24 102:08 4.625 4.250 106:22 100:02 12 12 102:09 12

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