bond. This reflects the combined effect of the 1980s debt crisis and much higher returns during 1989-2000. Annual returns … high-yield bonds. However, unlike returns on these bonds, emerging market debt returns do not seem significantly correlated …

This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine … percentage difference between the present values of old and new instruments, discounted at the yield prevailing immediately after …

This paper characterizes the term structure of Treasury bond yields for Brazil, and estimates a Nelson-Siegel Model to … assessing the dynamic interactions between the yield curve and the macroeconomy. …

We estimate sovereign bond spreads of 28 emerging economies over the period January 1998-December 2011 and test the … ability of the model in generating accurate in-sample predictions for emerging economies bond spreads. The impact and … significance of country-specific and global explanatory variables on bond spreads varies across regions, as well as economic …

risk premiums as measured by sovereign bond spreads. Unlike previous studies, the results indicate that both fiscal and …