observable differences, including rating, financial performance, industry, bond characteristics and issuance timing. The … they necessarily less liquid. Bond investors appear to discount the value of privately held equity. The effect does not …

corporate bond yield changes and stock returns should be informative about firm level default risk of this corporate debt. In … estimate the contemporaneous correlation between firm level corporate bond yield changes and stock returns using daily data … evidence that as the stock-bond correlations increase in absolute value, the default risks of bonds increase, as expected. In …

observable differences, including rating, financial performance, industry, bond characteristics, liquidity and issuance timing …

This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond …

authorities in achieving a better understanding of the current situation of the green bond market in global terms …

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 … risk factors. Risk factor correlation increases when investor sentiment worsens. This suggests that corporate bond …

This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond …

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 …

standing as well as several bond and firms’ characteristics. We find that the effect is mainly driven by firms domiciled in …

Expectations of risky bond payments are unobservable and recovery rates for sovereigns are hard to estimate because …