Snapshots of Quantifying the Determinants of the US Treasury Term Premium: Theory and Empirical Results

Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot article is based on research arguing that the US Treasury term premium reflects both interest-rate risk and Treasuries’ changing diversification role, with bond volatility, equity–bond correlation, market uncertainty, and Treasury portfolio weight shaping equilibrium premiums.