YIELD CURVE PREDICTION FOR THE STRATEGIC INVESTOR

WORKING PAPER SERIESNO. 472 / APRIL 2005YIELD CURVE PREDICTION FOR THESTRATEGIC INVESTORby Carlos Bernadell,Joachim Coche and Ken NyholmWORKING PAPER SERIESNO. 472 / APRIL 2005YIELD CURVE PREDICTION FOR THE 1STRATEGIC INVESTORby Carlos Bernadell,Joachim Coche 2and Ken NyholmIn 2005 all ECB publications This paper can be downloaded without charge from will feature a motif taken http://www.ecb.int or from the Social Science Research Network from the €50 banknote. electronic library at http://ssrn.com/abstract_id=701271.1 The views presented in this paper are those of the authors’ and are not necessarily shared by the European Central Bank.We thank an anonymous referee and the editorial board of the ECB working paper series for providing helpful comments.2 Corresponding author: European Central Bank, Kaiserstrasse 29, 60311 Frankfurt am Main, Germany;e-mail: Ken.Nyholm@ecb.int© European Central Bank, 2005AddressKaiserstrasse 2960311 Frankfurt am Main, GermanyPostal addressPostfach 16 03 1960066 Frankfurt am Main, GermanyTelephone+49 69 1344 0Internethttp://www.ecb.intFax+49 69 1344 6000Telex411 144 ecb dAll rights reserved.Reproduction for educational and non-commercial purposes is permitted providedthat the source is acknowledged.The views expressed in this paper do notnecessarily reflect those of the EuropeanCentral Bank.The statement of purpose for the ECBWorking Paper Series is available fromthe ECB website, http:/ ...