韩韩_品职助教 · 2019年06月07日
collarteral return长期来看就是rf. For expected returns, commonly, investors should use a risk-free government bond that most closely matches the term projected. Most commodity indexes use short-term US Treasury bills, but if one is forecasting 10-year returns then, for collateral return purposes, a 10-year constant maturity government bond would have a more appropriate term.
