We examine the risk minimization utility of Islamic stock and Sukuk (bond) indices by studying their linkages against …

Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a … variation of corporate bond returns than global factors. The factor exposures show intuitive patterns: as ratings worsen, equity … betas show a hockey stick pattern, sovereign betas decline monotonically and corporate bond betas increase steeply. …

correlations between sukuk and conventional bond and stock markets. Asymmetric volatility spillover effects are observed from …

we can compute a bond invoice i.e., the present value for a given cash investment in the bond. We present the classical … bond pricing formulae and show how to modify this formula to account for accrued interest.To be able to evaluate bond cash … the bond. There is no closed-form analytical solution. Therefore, it must be solved for using an optimization algorithm …

catastrophe loss data, match them with the defined trigger events of each CAT bond contract, and then employ an empirical pricing … supports that CAT bond markets are successful prediction markets that efficiently aggregate information about future CAT losses …. Our results also highlight that actual CAT losses in future periods can explain the excess CAT bond spreads in the primary …

The purpose of this paper is to study the compensation for in ation risks priced in sovereign bond yields. And we do so … expected and unexpected in ation shocks embedded in sovereign bond yields; and provides estimates of the real risk-free rate …. We show that nominal sovereign bond yields for Germany, France, Japan and the United States, reflect, over the more …