Local Expectations Theory

Local Expectations Theory
Variant of pure expectations theory. States that bonds having different maturities will yield the same returns when the investment horizon considered is short term.

Related posts:

  1. Pure Expectations Theory
  2. Return-to-Maturity Expectations
  3. Expectations Theory of Forward Exchange Rates
  4. Biased Expectations Theories
  5. Expectations Hypothesis Theories

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