We analyze trading opportunities that arise from differences between the bond and the CDS market. By simultaneously … entering a position in a CDS contract and the underlying bond, traders can build a default-risk free position that allows them … to repeatedly earn the difference between the bond asset swap spread and the CDS, known as the basis. We show that the …

observable differences, including rating, financial performance, industry, bond characteristics and issuance timing. The … they necessarily less liquid. Bond investors appear to discount the value of privately held equity. The effect does not …

Brothers demise to help banks retain access to wholesale funding. We describe the evolution and the pattern of bond issuance … issuing bank or of the bond itself …

- the Islamic bond financing. It traces the history of Islamic Financial system, the emergence and global explosion in …

corporate bond yield changes and stock returns should be informative about firm level default risk of this corporate debt. In … estimate the contemporaneous correlation between firm level corporate bond yield changes and stock returns using daily data … evidence that as the stock-bond correlations increase in absolute value, the default risks of bonds increase, as expected. In …

This paper explores the spillover effects of Hurricane Katrina on corporate bonds through the liquidations of bond … reinsurance companies create a persistent negative price impact on bond prices. There is some evidence of partial price reversal … firms to resort to bond financing, redirecting them towards bank financing. This shift is stronger for firms with higher …