Pricing bonds is generally one of the earliest applications of time value of money in a finance curriculum. A bond … security. This paper works through the pedagogy of bond pricing and extends the traditional bond pricing formula in a manner … about bond pricing and the time value of money …

The study investigated both the January effect and the "sell-in-May-and-go-away" anomaly in government bond returns. It … volatility, credit risk, value, and momentum premia. Our examination of government bond markets in 25 countries for years 1992 …-2016 proved that both the bond returns and factor premia had remained unaffected by the January and "sell-in-May" effects. These …

procedure, to estimate the yield differential between a green bond and an otherwise identical synthetic conventional bond from … July 2013 to December 2017. The results suggest a small negative premium: the yield of a green bond is lower than that of a … conventional bond. On average, the premium is -2 basis points for the entire sample as well as for EUR and USD bonds separately. We …

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

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

-free rate, and the yield curve. In particular, the bond price decreases with the average belief and, in most situations, tends … belief dispersion also leads to higher bond volatility. In addition, the model nests the CIR model with time …

of bond and equity. I extend the long-run risks model by introducing a mean-reversion of dividend growth and external … the habit formation augments the equity premium and renders an upward-sloping bond yield curve, on average. In addition …-cyclical variations in bond and equity yield spreads and counter-cyclical variations in bond and equity term premiums, as observed in the …

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 …

-based structure. Liquidity conditions for EFSF bonds in the secondary market are different from those of large sovereign bond issuers …, which affects bond pricing. This paper offers the first study of the term structure of EFSF bond yields and a decomposition …