Aboody, David; Hughes, John S.; Bugra Ozel, N. - In: Journal of Banking & Finance 40 (2014) C, pp. 42-53
changes in relations between aggregate bond returns and cash flow and discount rate news. We capture the influence of risk by … earnings changes and bond returns and a negative relation for T-Bill rate changes. A combination of government bailouts of … between bond returns and T-Bill rate changes for both grades. …