... compare the performance of the random walk, Diebold-Li(DL), Affine model and Diebold-Li with variable λ.18141141ISSN 1518-3548Forecasting Bonds Yields in the Brazilian Fixed Income MarketJose ... 291-298.[11] Litterman R. and J.A. Scheinkman (1991). Common Factors AffectingBond Returns. Journal of Fixed Income, 1, 54-61.[12] Lima, E. A., Luduvice, F., and Tabak, B.M. (2006). Forecasting InterestRates: ... Estimation for aMultifactor Equilibrium Model of the Term Structure of Interest Rates.Journal of Fixed Income, 3, 14-31.[4] Dai Q. and K. Singleton (2000). Specification Analysis of Affine TermStructure...