We explore the impact of the COVID-19 pandemic on the term structure of interest rates. Using data from developed and emerging countries, we demonstrate that the expansion of the disease significantly affects sovereign bond markets. The growth of confirmed cases significantly widens the term...

The relationship between air temperature and sovereign bond returns is founded on competing paradigms: macroeconomic, behavioral, and energy demand-based. Which of these theoretical mechanisms receives support from data? To answer this, we examine four decades of bond data from 31 countries....