, which is more pronounced for higher maturities and when risk aversion proxied by bond market volatility is high. Going …

interest-rate derivative markets, and their use by governments. Their stabilizing properties imply that, when bond prices fall …

interest rates. While bond yields are not fully efficient?reflecting regulation, liquidity, and segmentation?we find they …: changes in PBC rates influence the structure of Treasury, financial, and corporate bond yield curves, which are then …

This paper examines how emerging bond markets react to macroeconomic announcements. Global bond spreads respond to …

, Japanese, and UK government bond and equity markets in a vector autoregression. The results suggest that U.S. financial shocks …

that the extent to which fiscal variables affect domestic bond yields in emerging economies depends on the level of global … domestic bond yields in emerging economies. However, when market participants are on edge, they pay greater attention to …

African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries … corporate bond markets in Africa. It then applies an econometric model to analyze the key determinants of African government … securities market and corporate bond market capitalization. Government securities market capitalization is directly related to …

-existing debt vulnerabilities. This paper documents the potential for local currency bond markets to diversify and expand financing … for the recovery, lowering bond yields, funding volatility, and exposure to global shocks. The paper further identifies …

implementation from March until August 2020 for 27 emerging markets and 8 small advanced economies. APPs' effects on bond yields … successful in significantly reducing bond yields in EMDEs, and these effects were stronger than those of policy rate cuts …