Monday, March 01, 2004

The Yield Curve for Booze

In the bond market, bonds mature (come due) at different points in time, and this often means their implied yields are also different. A simple plot of the yields of bonds with differing times to maturity is kown as the yield curve. An interesting animated version can be found here.

Well it turns out that we can derive the same thing for malt whisky. It is after all only a matter of time which differentiates the individual batches. Read about it from Daniel Davies over at Crooked Timber

Keywords: ECO301, Yield Curve

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