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The current inflation risk premium in US 10-year yields is likely to be in the range of 21 to 35
bp.

Increased funding needs and illiquid capital markets have exerted pressure on sovereign
credit spreads and raised concerns about the market’s ability to absorb increased debt …

Currencies that are at a forward premium tend to depreciate. This 'forward-premium puzzle'
represents an egregious deviation from uncovered interest parity. We document the …

Large banks and dealers use and reuse collateral pledged by nonbanks, which helps
lubricate the global financial system. The supply of collateral arises from specific investment …

In this paper we investigate the family of functions representable by deep neural networks (DNN)
with rectified linear units (ReLU). We give an algorithm to train a ReLU DNN with one …

This paper proposes Entity‐Netted Notionals (ENNs) as a metric of interest rate risk transfer
in the interest rate swap (IRS) market. Unlike the ubiquitous metric of notional amount, ENNs …

Lipoprotein lipase (LPL) plays a central role in triglyceride (TG) metabolism. By catalyzing
the hydrolysis of TGs present in TG-rich lipoproteins (TRLs), LPL facilitates TG utilization and …

… The authors would like to thank Amitabh Arora and Darrell Duffie for helpful comments
and suggestions. Richard Haynes, Supervisory Economist. John Roberts, Senior Economist. …