changes in global risk (VIX). We find that inertia (whether the bond behaved as a safe asset in the past) and good …We study what makes government bonds a safe asset. Building on a sample of monthly changes in government bond yields in … on whether the change in global risk is driven by financial shocks rather than by US monetary policy. …

-section of long-term bond returns after accounting for standard bond pricing factors …

This paper analyses linkages between green, conventional (corporate and sovereign) bond markets and geopolitical risk … indicate that geopolitical risk significantly affects green bonds in periods of high volatility, but does not do so to … conventional bond markets. Green bond markets are significantly affected by sovereign and corporate bonds in both regimes, with …