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New York School for Career and Applied Studies (NYSCAS) Publications and Research
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Do Investors Still Gravitate To Preferred Habitats On The Us Treasury Yield Curve?, Kenneth S. Dreifus, Angelo Decandia, Elliott Goldberg, Mohammed Chowdhury
Do Investors Still Gravitate To Preferred Habitats On The Us Treasury Yield Curve?, Kenneth S. Dreifus, Angelo Decandia, Elliott Goldberg, Mohammed Chowdhury
New York School for Career and Applied Studies (NYSCAS) Publications and Research
The purpose of this study is to test the preferred habitat theory non-econometrically using interviews with the help of a questionnaire for self-guidance on a group of focused investors. Frequencies and simple percentages were used to analyze data. Though many generations of post-World War II economics and finance students were taught that the nature of the liabilities on the balance sheet and the desire to avoid mismatches against assets caused particular classes of investors to gravitate to a preferred habitat on the yield curve, our study based on the responses to questionnaires by a group of U.S. based bond traders …