---
title: The Implied Equity Term Structure
url: https://www.ml-quant.com/papers/repec/fip-fednsr-103730/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-09
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:fip:fednsr:103730
source_url: https://econpapers.repec.org/RePEc:fip:fednsr:103730
featured: 2026-10-09
citations: unknown
topic: Asset Pricing & Factors
---


# The Implied Equity Term Structure

Inferring expected returns from stock prices and cash flows reveals an upward-sloping equity term structure, but value and speculative-grade firms show flat or downward slopes.

- Source: https://econpapers.repec.org/RePEc:fip:fednsr:103730
- Identifier: RePEc:fip:fednsr:103730
- Released: 2026-10-09
- First featured: Quant Letter No. 134 (2026-10-09): https://www.ml-quant.com/issues/2026-10-09/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors
- Authors: Lieven Baele, Joost Driessen, Tomas Jankauskas

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