Bannière ESG Chaire Caisse de dépôt et placement du Québec

History is repeating itself: Get ready for a long dry spell

Ramzi Ben-Abdallah et Michèle Breton 
Financial Analysts Journal 73(3)

The recent disappearance of a five-year maturity gap from the set of bonds deliverable to the chicago board of trade treasury bond futures has resulted in a distinctive configuration, whereby a single t-bond will have the shortest remaining maturity in the delivery basket of bonds for a five-year period.