In this paper, we study the dynamics and drivers of sovereign bond yields in euro area countries using a factor model … mechanism of bond yields. Our key contribution is exploring both the global and the local dimensions of bond yield determinants … periphery euro area bond yields from the core countries yields following the financial crisis and the scope of their subsequent …

, which is more pronounced for higher maturities and when risk aversion proxied by bond market volatility is high. Going …

We investigate the predictive ability of financial and macroeconomic variables for German stock and bond returns using … and changes in short term interest rates are key predicators for stock returns. Additionally, for bond returns, exchanges …