bond-yield volatility than shocks to the underlying fundamentals. In a second step, we develop a correlation and causality …

We use a Smooth Transition Conditional Correlation GARCH (STCC-GARCH) model applied to the euro area monetary policy …

This article examines whether there is a correlation between the government bond markets of Asian countries and those … substantiate that there is indeed a correlation between Asian and US bond markets, and that ADB bond issuance in local markets can …

Diversification benefits depend on the correlation between assets. Unfortunately, asset correlation increases when it … is most needed. We examine bond correlation using a broad sample of US corporate bonds. We find bond correlation to be … higher during the financial crisis in 2008. Increased bond correlation results from higher correlation between corporate bond …