Relación entre títulos que conforman la curva de rendimientos del mercado de deuda pública colombiano

Juan Cantillo, Mónica Arango, Julie Gonzalez, Manuela Jaramillo

Producción científica: Capítulo del libro/informe/acta de congresoContribución a la conferenciarevisión exhaustiva

Resumen

Based on the information of the yield curve (CR) of Colombia, it is sought to find the existing relationships between the titles that compose it; specifically sets of two or three assets; and with this analyze whether or not there are cointegration or equilibrium relations in the long term. Taking this into account, it was found that there are cointegration relations between October 18 and July 20 for the case of peer analysis and for the case of analysis of trios, a strong relationship was found between October 2018, November 2018 and July 2020. These results are obtained optimally using a Python algorithm that looks for all possible relationships between the considered assets. This algorithm is part of the contribution of this work, and also the finding and the evidence that there are cointegrated assets in the yield curve of Colombia. With this, medium-term debt portfolio investment strategies can be designed.

Título traducido de la contribuciónRelationship between securities that make up the yield curve of the Colombian public debt market
Idioma originalEspañol
Título de la publicación alojadaProceedings of CISTI 2019 - 14th Iberian Conference on Information Systems and Technologies
EditoresRamiro Goncalves, Isabel Pedrosa, Manuel Perez Cota, Alvaro Rocha
EditorialIEEE Computer Society
ISBN (versión digital)9789899843493
DOI
EstadoPublicada - 1 jun. 2019
Evento14th Iberian Conference on Information Systems and Technologies, CISTI 2019 - Coimbra, Portugal
Duración: 19 jun. 201922 jun. 2019

Serie de la publicación

NombreIberian Conference on Information Systems and Technologies, CISTI
Volumen2019-June
ISSN (versión impresa)2166-0727
ISSN (versión digital)2166-0735

Conferencia

Conferencia14th Iberian Conference on Information Systems and Technologies, CISTI 2019
País/TerritorioPortugal
CiudadCoimbra
Período19/06/1922/06/19

Palabras clave

  • Econometric Models
  • Fixed Income
  • Local TES Market
  • Yield Curve

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