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

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 … associated with changes in growth and inflation. Coporate spreads are also a leading indicator of growth and inflation. While …

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

This paper examines equilibrium price relationships and price discovery between credit defaul swap (CDS), bond, and … equity markets for emerging market sovereign issuers. Findings suggest that CDS and bond spreads converge despite various … bond and CDS markets and the equity markets. As for price discovery, our results are mixed. This stands in contrast to the …

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 …

output, and the evidence appears to go their way. To reconcile theory and reality, we extend the set of assets included in …

sovereign riskiness, implicit in traded bond prices. This allows the above results to be interpreted as explaining the cross …

that the debtor approach to bond interest conforms with the 1993 SNA recording income and other benefits from assets, as …