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Are Bunds special? This paper estimates the 'Bund premium' as the difference in convenience yields between other sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and swap market frictions. A higher premium suggests less substitutability of sovereign...
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regimes but stronger in a bond yield's contraction regime. This suggests that the response of emerging market bond yields to …
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This study examines the spillover effects of U.S. monetary policy normalization on Nigeria 10-Year Treasury bond yield … exchange rate and inflation, rather than the U.S. 10-Year sovereign bond yield, are the key drivers of Nigeria 10-Year bond … yield. Additionally, the spillover effect from the U.S. monetary policy was amplified by oil price shocks and changes in …
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