for their sovereign bond emissions. For this purpose we analyse financial market data from 288 tradable cantonal bonds in … significantly to lower cantonal bond spreads. Second, we study the impact of a credible no-bailout regime on the risk premia of …

We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self …

Macro-finance theory implies that trend ination and the equilibrium real interest rate are fundamental determinants of … understanding the dynamics of Treasury yields and predicting excess bond returns. We introduce a new arbitrage-free model that …

show that the determinants of bond market access in EMs vary with global cyclical conditions and across local and foreign … currency bond markets increasingly substituted for banks in channeling liquidity to EMs. In the case of foreign currency … to global factors appears to vary with the size of its foreign currency bond market rather than local fundamentals. Our …

structure can help predict interest rates and excess bond returns. We demonstrate that the statistical tests that have been used … slope of the yield curve are robust predictors of excess bond returns, and there is no robust and convincing evidence for …

We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence …

variables has generated a debate on multiple equilibria in the sovereign bond market (see De Grauwe and Ji (2012)). We … between senior tranche lending – including Target2 balances – and recent developments in the sovereign bond market, both …

Greek government bond market in mid-2010 and use a unique new dataset to show, for the first time, what type of bonds the … ECB bought. We then explore the short-term effects of ECB purchases at the bond-level. The results show a large impact of … bought. This is consistent with theories of "local supply effects" in segmented or illiquid bond markets.‬ …