bond market from the same bond market's weight in global bond market, we investigate the determinants of foreign and … domestic investment biases in 41 global bond markets. We find that foreign investors significantly overweigh markets that offer …. Such return driven behavior of foreign investors is especially pronounced in emerging bond markets. Meanwhile, home bias is …

whether culture and patriotism influence home bias in bond portfolios. In this respect, I differentiate between two different …

. Before the French presidential elections in 2017, the French bond spread widened together with the estimated Le Pen election …

In recent years, the green bond market has seen significant growth as a means of financing environmentally friendly …

Using comprehensive data on U.S. corporate bond trades since 2002, we find that retail bond investors over-rely on … untimely credit ratings, neglect firm fundamentals, and appear to misunderstand the trade-off between bond risk and yields … credit downgrades and defaults, and generate negative average future returns. Overall, our findings indicate that retail bond …

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. …

important factor contributing to the credit cycle. This paper analyses this phenomenon in the corporate bond market … are robust to a series of bond and issuer controls, including issuer fixed effects as well as liquidity and duration …

of corporate bond portfolios sorted by past performance. Based on the evidence, we develop a model connecting bond … (higher) recovery value. In this case, the bond momentum can exist, because the “recovery premium” becomes more important when ….S. government bonds display no momentum, yet it emerges in sovereign bond returns. Time-varying aggregate default shocks and firm …