on the returns and valuation of bonds, there is hardly a consensus on the risk components of the yield spreads. This … article aims to investigate the effect of investor sentiment as a systematic risk factor on speculative bond yield spreads …. After applying correlation analysis to determine the strength of linear association between these two variables, a vector …

This paper investigates the dynamic linkages in terms of the first and second moments between stock and bond returns … spillovers mostly run from stocks to bonds and exhibit a time-varying pattern over all three stages of the crisis in most … countries. Regarding the volatility spillovers, such spillovers from bond returns to those of stocks are stronger than the other …