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 …

We develop a two-layer asset pricing framework to analyze the fragility of the corporate bond market. In the model … model can be estimated using micro-data on bond prices, institutional investors holdings, and fund flows. We use the … estimated model to quantify the equilibrium effects of unconventional monetary and liquidity policies on bond prices …

Equilibrium bond-pricing models rely on inflation being bad news for future growth to generate upward-sloping nominal …

Some key features in the historical dynamics of U.S. Treasury bond yields-a trend in long-term yields, business cycle …

Riksbank and the European Central Bank (ECB) on bond risk premia in the Swedish government bond market. Using a novel arbitrage …-free dynamic term structure model of nominal and real bond prices that accounts for bondspecific safety premia, we find that … Sveriges Riksbank's bond purchases raised inflation and short-rate expectations, lowered nominal and real term premia and …

Recent findings on the term structure of equity and bond yields pose serious challenges to existing models of … dynamics of equity and bond yields (and their yield spreads). The movements of equity and bond yields are driven mainly by … returns/yields and nominal bond returns/yields switched from positive to negative after the late 1990s, owing mainly to a …

The difference between corporate bond yields at issuance and in secondary markets, the "issuance premium", spikes in … bad times, increasing firms' costs of capital. Leveraging new bond-level data, I estimate a model of primary markets with … imperfectly elastic investors and endogenous firms' supply of bonds that explains the impact of issuance premium on bond issuance …

maximum of the FEV of the "excess bond premium" (EBP) (Gilchrist and Zakrajsek 2012) causes similar responses. These results …

-rate volatility). This paper argues that governments globally can address the shortcomings by issuing a new type of bond that matches … the needs of investors saving for retirement. This financial instrument is basically an inflation-linked bond that pays … portfolios created through a mix of traditional stocks and bonds followed by annuity purchases. The need for such a bond is …