There has been substantial progress in the development of the government bond market. Key
steps include a lengthening of the yield curve, reduction in external exposure and
diversification of the investor base. This has been supported by improved macroeconomic
conditions, foreign investors entering the fixed rate segment of local currency government
debt, and well designed microstructure reforms regarding issuance policy and auction
process. As shown below, the government bond market has become more resilient to various
risk factors. ...
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How Does Size Affect Mutual Fund Behavior?
How Does Size Affect Mutual Fund Behavior?
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