We propose a novel measure of bond market liquidity that does not depend on transaction data: the strength of the cross …

We analyze the effect of the US Federal Reserve's monetary policy on EME sovereign and corporate bond markets by … focusing on two dimensions: the evolution of the structure (size and currency composition) of the bond markets and their … allocations within the bond portfolios of US investors. Global factors, particularly the level of long-term US Treasury yields …

Price-based liquidity metrics are better in 2013-2014 for small trades and large high-yield bond trades, but not for … large investment grade bond trades, relative to before the crisis, and are better for all bond types and trade sizes …-crisis liquidity could be low when markets are stressed. We consider three stress events: extreme VIX increases, extreme bond yield …

I propose an implementation of the q-theory of investment using bond prices instead of equity prices. Credit risk makes … corporate bond prices sensitive to future asset values, and q can be inferred from bond prices. The bond market's q performs …

corporate bond risk assessment and pricing. We test this hypothesis and find that firms with poor environmental profiles or high …, we provide evidence that climate regulatory risks causally affect bond credit ratings and yield spreads. Accordingly, the …

This paper tests several competing models of municipal bond market equilibrium. It analyzes the influence of changes in …

the bond and repurchase, so that future capital losses may be realized short term; and raising the basis through sale of … the bond and repurchase in order to deduct from ordinary income the amortized premium. Because of the interaction of these … substantially from the buy-and-hold policy irrespective of whether the bondholder is a bank, a bond dealer, or an individual. We …