In this paper, we study the dynamics and drivers of sovereign bond yields in euro area countries using a factor model … mechanism of bond yields. Our key contribution is exploring both the global and the local dimensions of bond yield determinants … periphery euro area bond yields from the core countries yields following the financial crisis and the scope of their subsequent …

What are the cross-sectional and time-series characteristics of corporate bond returns? Do corporate bond risk premia … autoregressive components relate to bond-specific and aggregate explanatory variables, such as changing growth opportunities, or …