Bond markets and bond yields in Norway
Chapter 4 Bond markets and bond yields in Norway (pdf, 841 kB), is written by Jan T. Klovland.
Klovland presents data for bond yields from 1820 to 2003. The first part concentrates on sources and methods for measuring monthly yield data on bonds issued by the Norwegian government (from 1820 onwards), Kongeriket Norges Hypotekbank, as well as on private bonds in the period after 1921.
The bond yield estimates are derived from market quotations for Norwegian bonds traded on the main financial bourses of Northern Europe. Before 1921 the character of the bonds only permits the computation of the average yield on long-term maturities. After 1921, however, the data encompass all maturities along the yield curve, with some gap at the short end in the early years.
Updates and revisions
The printed book provides detailed documentation of the historical database as of June 2004. Updates and revisions are listed below.
- January 2007
- Table A5: Norges Bank's figures for yield on government bonds with maturity 3Y, 5Y, 10Y, including 2006:12
- October 2006
- Table A5: Norges Bank's figures for yield on government bonds with maturity 3Y, 5Y, 10Y, including 2006:9
- March 2006
- Table A3: Norwegian bond yields by maturity (average life), including 2004
- Table A4: Yields on most actively traded maturities of long-term government bonds, including 2004
- Table A5(new): Norges Bank's figures for yield on government bonds with maturity 3Y, 5Y, 10Y, including 2005