표 6 30년 만기 MBS 도입 전·후의 기간 프리미엄 변동 분석

	(1) dSP20-1	(2) dSP20-2	(3) dSP20-3	(4) dSP20-5	(5) dSP20-7	(6) dSP20-10	(7) dSP20-15
Intercept	35.597^***	32.010^***	26.393^***	15.378^***	12.837^***	15.514^***	5.849^**
Intercept	[6.06]	[6.30]	[5.61]	[3.16]	[2.69]	[5.48]	[2.19]
Maturity30	-4.640	-0.888	-0.424	8.268^*	11.870^***	2.400	2.079
Maturity30	[-0.82]	[-0.18]	[-0.09]	[1.76]	[2.58]	[0.88]	[0.81]
Transfer	3.054	2.049	1.811	2.930	6.336^***	0.397	-1.942^*
Transfer	[1.18]	[0.92]	[0.88]	[1.37]	[3.02]	[0.32]	[-1.65]
Single	5.971^**	5.747^**	3.789^*	2.176	2.952	0.528	0.740
Single	[2.18]	[2.42]	[1.72]	[0.96]	[1.32]	[0.40]	[0.59]
Yield	-8.586*	-6.578	-8.387^**	-10.778^**	-26.783^***	0.548	-4.463^*
Yield	[-1.70]	[-1.50]	[-2.07]	[-2.57]	[-6.52]	[0.22]	[-1.94]
KOSPI	0.511^***	0.383^***	0.280^***	0.023	-0.026	-0.089	-0.028
KOSPI	[3.88]	[3.36]	[2.66]	[0.21]	[-0.25]	[-1.41]	[-0.46]
Bond	-1.118	-0.905	-0.747	-0.507	-0.980^*	-0.111	-0.583^*
Bond	[-1.53]	[-1.43]	[-1.27]	[-0.84]	[-1.65]	[-0.31]	[-1.75]
HP	-12.914^***	-12.057^***	-7.957^***	-4.546^**	-5.015^**	-1.089	0.223
HP	[-5.08]	[-5.48]	[-3.90]	[-2.16]	[-2.43]	[-0.89]	[0.19]
Year dummy	Included	Included	Included	Included	Included	Included	Included
Observations	338	338	338	338	338	338	338
F-value	46.95^***	69.86^***	76.11^***	56.09^***	38.92^***	37.01^***	23.13^***
Adj. R-squared	0.766	0.831	0.843	0.797	0.730	0.719	0.612

주: [ ]는 t값이며,
는 각각 유의수준 10%,
5%,
1% 수준에서 통계적으로 유의적임.
MBS, mortgage-backed securities.