Debt Markets, Term Structure - Financial Markets - Robert Shiller - Lecture 10 of 26 - Video-lecture

Video-lecture, Corporate Finance

Description: The markets for debt, both public and private far exceed the entire stock market in value and importance. The U.S. Treasury issues debt of various maturities through auctions, which are open only to authorized buyers. Corporations issue debt with investment banks as intermediaries. The interest rates are not set by the Treasury, the corporations or the investment bankers, but are determined by the market, reflecting economic forces about which there are a number of theories. 
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