Estimations of the term premium on Norwegian government bonds
The term premium on government bonds has been estimated to be low in recent years. As a result, the additional cost of long-term borrowing has been relatively low. The term premium has edged up again over the past year. This Memo documents and discusses the model in Adrian, Chrump and Moench (2013) that we use to assess developments in the term premium on Norwegian government bond yields.
- Aksel Benum, Vetle Ø. Opheim and Erik S. Wasberg
- Government Debt Management Memo
Government Debt Management Memo present reports and documentation written by staff members of Norges Bank, the central bank of Norway. Views and conclusions expressed in this publication should not be taken to represent the views of Norges Bank.
ISSN 2704-1271 (online)