Norges Bank

Government Debt Management Memo

Estimations of the term premium on Norwegian government bonds

The term premium on government bonds has been estimated to be low in recent years. As a result, the additional cost of long-term borrowing has been relatively low. The term premium has edged up again over the past year. This Memo documents and discusses the model in Adrian, Chrump and Moench (2013) that we use to assess developments in the term premium on Norwegian government bond yields.

Author:
Aksel Benum, Vetle Ø. Opheim and Erik S. Wasberg
Series:
Government Debt Management Memo
Number:
3/2023

Government Debt Management Memo present reports and documentation written by staff members of Norges Bank, the central bank of Norway. Views and conclusions expressed in this publication should not be taken to represent the views of Norges Bank.

ISSN 2704-1271 (online)  

Published 19 October 2023 10:00
Published 19 October 2023 10:00