Local expectations theory

A form of the pure expectations theory which suggests that the returns on bonds of different maturities will be the same over a short-term investment horizon. The New York Times Financial Glossary

Financial and business terms. 2012.

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  • local expectations theory — A form of the pure expectations theory that suggests that the returns on bonds of different maturities ( maturity) will be the same over a short term investment horizon. Bloomberg Financial Dictionary …   Financial and business terms

  • local expectations hypothesis — ( LEH) Theory that bonds similar in all aspects except maturity will have the same holding period rate of return. Bloomberg Financial Dictionary …   Financial and business terms

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