표 7 MBS 기간 프리미엄과 투자자별 거래행태: 단기물

	(1) dSP20-1		(2) dSP20-2		(3) dSP20-3
	계수값	[t-값]	계수값	[t-값]	계수값	[t-값]
Intercept	34.034***	[5.64]	29.853***	[5.74]	23.553***	[4.90]
증권	-0.104***	[-1.15]	-0.151*	[-1.94]	-0.086	[-1.20]
투신	0.099**	[1.93]	0.098**	[2.21]	0.061	[1.49]
은행	-0.049	[-1.16]	-0.042	[-1.16]	-0.028	[-0.84]
종금	0.004	[0.17]	-0.011	[-0.56]	0.000	[-0.03]
보험	0.082	[1.45]	0.095*	[1.94]	0.057	[1.26]
연기금	-0.011**	[-0.28]	0.004**	[0.13]	0.014	[0.47]
외국인	0.005**	[0.28]	0.008*	[0.45]	0.016	[1.05]
Maturity30	-3.972	[-0.69]	0.639	[0.13]	0.430	[0.09]
증권×Maturity30	-0.214*	[-1.69]	-0.129	[-1.18]	-0.220**	[-2.17]
투신×Maturity30	-0.032	[-0.30]	-0.039	[-0.43]	-0.034	[-0.40]
은행×Maturity30	0.118	[1.03]	0.150	[1.51]	0.130	[1.43]
종금×Maturity30	-0.010	[-0.21]	-0.019	[-0.46]	0.007	[0.20]
보험×Maturity30	-0.090	[-0.93]	-0.144*	[-1.73]	-0.081	[-1.05]
연기금×Maturity30	-0.162*	[-1.86]	-0.099	[-1.32]	-0.121*	[-1.75]
외국인×Maturity30	0.077	[1.30]	0.109**	[2.14]	0.110**	[2.34]
Control variables	Included		Included		Included
Year dummy	Included		Included		Included
Observations	338		338		338
F-value	30.63***		45.79***		50.13***
Adj. R-squared	0.770		0.835		0.847

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