The Journal of FinanceVolume 20, Issue 3 p. 444-463 Article THE TERM STRUCTURE OF INTEREST RATES AND HOLDING-PERIOD YIELDS ON GOVERNMENT SECURITIES* Jacob B. Michaelsen, Jacob B. MichaelsenAssistant Professor of Economics, University of California, Santa Cruz.Search for more papers by this author Jacob B. Michaelsen, Jacob B. MichaelsenAssistant Professor of Economics, University of California, Santa Cruz.Search for more papers by this author First published: September 1965 https://doi.org/10.1111/j.1540-6261.1965.tb02908.xCitations: 2 †I am greatly indebted to Arnold Moore and George J. Benston for comments on earlier drafts of this paper. Dawson E. Brewer, David Laidler and Hyman P. Minsky made valuable comments and criticisms, as did other members of the Money and Banking Seminar of the University of California, Berkeley. The research underlying this paper was begun with assistance from the Institute of Business and Economic Research of the University of California, Berkeley, and is now part of a larger project on security price behavior supported by a grant from the National Science Foundation. A preliminary version of this paper was read at the September, 1963, meetings of the Econometric Society in Cleveland. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume20, Issue3September 1965Pages 444-463 RelatedInformation