examines the flow effects of asset purchase programmes on 10-year government bond yields in secondary markets around dates of …

The rise of bond financing in EuropeUsing large panel data of public and private firms, this paper dissects the growth … of bond financing in the Euro Area through the lens of the cross-section of issuers. In recent years, the composition of … bond issuers has shifted, with the entry of many smaller and riskier issuers. New issuers invest and grow, instead of …

In this paper, we study the dynamics and drivers of sovereign bond yields in euro area countries using a factor model … mechanism of bond yields. Our key contribution is exploring both the global and the local dimensions of bond yield determinants … periphery euro area bond yields from the core countries yields following the financial crisis and the scope of their subsequent …

In this paper we propose a composite indicator that measures multidimensional sovereign bond market stress in the euro … at short-term and long-term bond maturities into a broad measure of sovereign market stress. The statistical framework …

backstop to the government bond market. However, limited QE experience calls for caution in interpreting the results. …

cover pool and the payment structure. They offer unified risk metrics for the European covered bond universe, which ensures …

We estimate the response of euro area sovereign bond yields to purchase operations under the ECB's Public Sector …, led to a temporary 7 basis-point decline in sovereign bond yields on the day of purchase. This impact estimate is well …