This paper empirically investigates the relationship between TV news coverage and the GIIPS countries’ bond yield … news shows of leading TV stations in 12 countries which include 37,859 news on the EU, on the Eurozone and on country …-specific economic issues. We find that an increasing share of news about the Eurozone reduces yield spreads, especially when the news …

, in which sovereign risk is limited through diversification and some form of seniority. These assets would be held by … ideas: (1) to create multitranche "sovereign bond-backed securities" (SBBS), of which the senior tranche would constitute a … safe asset; (2) to create a senior, publicly owned financial intermediary that would issue a bond backed by a diversified …

particular, using panel vector autoregressive (VAR) models we analyze whether banks increased their domestic government bond …

green bond returns and volatilities. On the whole, the evidence suggests weaker linkages, and thus a lower degree of …

This paper analyses persistence and non-linearities in quarterly and monthly US Treasury 10-year bond yields over the …

curve. Most importantly, variation in yield skewness has substantial forecasting power for future bond excess returns, high …

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending … the value of the lending relationship and lowers the lending rate. Bond investors demand compensation for the increased …

We build a no-arbitrage model of the yield curves in a heterogeneous monetary union with sovereign default risk, which … solution, and decompose yields into term premium and credit risk components. In an extension, we endogenize the peripheral … default probability, showing that it decreases with central bank bond-holdings. Calibrating the model to Germany and Italy, we …