contributory factor to this conundrum was the contemporaneous increase in US bond demand. Using ARDL-based models, which … accommodate structural breaks, this paper estimates the impact of demand on US bond yields in the conundrum period. This impact is … shown to have been everywhere significantly negative. The fact that our model fully explains the bond yield conundrum gives …

factors have contributed to the recent decline in bond yields in the US. For that purpose, we start with a very general model … to establish a stable long-run relationship and find that the behaviour of bond rates in the last few years may well be … overestimation of bond yields is not unusual historically. Finally, our bond yield equation outperforms a random walk model in …

the variation of excess bond risk premia in the sample. Additionally, the factor unveils differences between monetary …

Bond prices from 1897 to 1926 have not been compiled. Financial historians have made do with yield series offered by …. This paper in conjunction with previous efforts shows that stock and bond portfolios performed about the same over the …

We evaluate the performance of the US bond mutual fund industry using a comprehensive sample of bond funds over a long … time period from January 1998 to February 2017. In this one study, we examine bond fund selectivity, market timing and … performance persistence. We evaluate bond funds relative to their self-declared benchmarks and in terms of both gross …