We analyze reallocations within the international bond portfolios of US investors. The most striking empirical … economic growth. We also provide a descriptive analysis of global bond markets' structure and returns …

actions to foreign bond yields is, on balance, comparable to that of conventional policy actions. In addition, a conventional … international bond markets …

The popular Nelson-Siegel (1987) yield curve is routinely fit to cross sections of intra-country bond yields, and …-specific factors. In an empirical analysis of term structures of government bond yields for the Germany, Japan, the U.K. and the U …

implications of this finding for asset prices. The uncovered dynamics of consumption implies modestly upward sloping real bond and …

We propose a novel measure of bond market liquidity that does not depend on transaction data: the strength of the cross …

This paper uses the factor augmented regression framework to analyze the relation between bond excess returns and the … statistically significant predictive power for excess bond returns. We show how a bias correction to the parameter estimates of … real activity for excess bond returns is robust even after accounting for finite sample inference problems. Forecasts of …

I propose an implementation of the q-theory of investment using bond prices instead of equity prices. Credit risk makes … corporate bond prices sensitive to future asset values, and q can be inferred from bond prices. The bond market's q performs …

We analyze the effect of the US Federal Reserve's monetary policy on EME sovereign and corporate bond markets by … focusing on two dimensions: the evolution of the structure (size and currency composition) of the bond markets and their … allocations within the bond portfolios of US investors. Global factors, particularly the level of long-term US Treasury yields …