2

4

8

16

0 to 5

0.4888

0.2233

0.1465

0.0619

(−3.3372)

(−2.8197)

(−2.1248)

(−1.7222)

[0.0008]

[0.0048]

[0.0336]

[0.085]

5 to 10

0.5068

0.2295

0.1510

0.0668

(−3.1283)

(−2.8273)

(−2.2452)

(−1.8862)

[0.0018]

[0.0047]

[0.0248]

[0.0593]

10 to 15

0.4967

0.2221

0.1413

0.0664

(−3.5888)

(−3.1658)

(−2.3835)

(−1.859)

[0.0003]

[0.0015]

[0.0171]

[0.063]

15 to 20

0.5563

0.2317

0.1567

0.0726

(−3.9881)

(−3.9447)

(−2.8257)

(−2.1263)

[0.0001]

[0.0001]

[0.0047]

[0.0335]

20 to 30

0.5164

0.2324

0.1530

0.0698

(−3.568)

(−3.36)

(−2.5474)

(−2.003)

[0.0004]

[0.0008]

[0.0109]

[0.0452]

Bond

Index

0.5011

0.2254

0.1480

0.0675

(−3.4821)

(−3.1395)

(−2.3742)

(−1.8409)

[0.0005]

[0.0017]

[0.0176]

[0.0656]

Sovereign Bonds

0.4985

0.2330

0.1498

0.0683

(−3.6401)

(−3.235)

(−2.4767)

(−1.9398)

[0.0003]

[0.0012]

[0.0133]

[0.0524]