This study aims to investigate the effect of bond issuance announcements and to determine the company characteristics … that could influence this effect. The findings reveal positive cumulative average abnormal returns following bond issuances …, indicating that the market considers bond offers to be favorable news. Nevertheless, cross-sectional regression analysis shows an …

diversified strategy in the market, then there is no sudden bankruptcy. After that a deterministic evolutionary bond market is … studied in detail. It is certified that a bond market is evolutionary stable, which is equal to arbitrage-free if and only if … the total returns defined in this paper across all the assets are the same, or each bond is evaluated by an improper …

We document a highly significant, strongly nonlinear dependence of stock and bond returns on past equity market …

The authors study time-variation in the co-movements between daily stock and Treasury bond returns over 1986 to 2000 …. Their innovation is to examine whether variation in stock-bond return dynamics can be linked to non-return-based measures of … with the future correlation between stock and bond returns. The probability of a negative correlation between daily stock …

Bond Stock Earning Yield Differential (BSEYD) measures. This analysis shows that the BSEYD, the logarithmic BSEYD model …

corporate bond and stock markets. Using a comprehensive bond dataset, we observe a significant momentum effect in corporate bond … returns and bond credit spread changes. The momentum effect in bond total returns, however, is confined to low-grade bonds and … bond credit spread, not the total return, is a more appropriate proxy to examine the response of bond prices to new …

I present a production-based general equilibrium model that jointly prices bond and stock returns. The model produces … time-varying correlation between stock and long-term default-free real bond returns that changes in both magnitude and sign …-flow) shocks produce comovement of bond and stock returns and positive term premium. The relative strength of these two mechanisms …

This paper examines the behaviour of stock and bond markets across four major international countries. The results … the stock and bond return correlation within each country declines. Moreover, results show that the stock and bond return … correlations exhibit commonality across countries. Results also demonstrate that stock returns lead movement in bond returns, while …