and thus negatively predicts cross-sectional bond returns. Controlling for ratings, alphas are lower for higher …-yield bonds while, controlling for yields, alphas are lower for higher-rated bonds. Future bond returns are particularly low when …

authorities in achieving a better understanding of the current situation of the green bond market in global terms …

article aims to investigate the effect of investor sentiment as a systematic risk factor on speculative bond yield spreads … period extends from January 1997 to August 2014. In the VAR models, speculative bond spreads and consumer confidence index … period sentiment. Empirical findings imply that investor sentiment is a systematic risk factor in risky bond markets. …

firms in affected zones. Our research highlights a novel bond pricing factor associated with sudden natural disasters …