2

4

8

16

0 to 5

0.5549

0.2609

0.1285

0.0826

(−4.6645)

(−4.6827)

(−4.2328)

(−3.8094)

[0000]

[0000]

[0000]

[0.0001]

5 to 10

0.5561

0.2712

0.1254

0.0845

(−3.7082)

(−3.7308)

(−3.4169)

(−3.0818)

[0.0002]

[0.0002]

[0.0006]

[0.0021]

10 to 15

0.5290

0.2553

0.1229

0.0816

(−3.3161)

(−3.3126)

(−3.081)

(−2.8275)

[0.0009]

[0.0009]

[0.0021]

[0.0047]

15 to 20

0.5186

0.2603

0.1311

0.0839

(−4.6061)

(−4.4957)

(−4.0906)

(−3.7348)

[0000]

[0000]

[0000]

[0.0002]

20 to 30

0.5398

0.2703

0.1354

0.0903

(−4.5526)

(−4.4608)

(−4.0519)

(−3.7096)

[0000]

[0000]

[0.0001]

[0.0002]

Bond Index

0.5667

0.2733

0.1320

0.0879

(−3.305)

(−3.4467)

(−3.2122)

(−2.974)

[0.0009]

[0.0006]

[0.0013]

[0.0029]

Sovereign Bonds

0.5706

0.2778

0.1352

0.0896

(−3.485)

(−3.6419)

(−3.408)

(−3.1782)

[0.0005]

[0.0003]

[0.0007]

[0.0015]