effects of the European Central Bank's bond purchases in the 2015-2021 period on an international panel of bond safety premia … from four highly rated countries: Denmark, Germany, Sweden, and Switzerland. We find statistically significant negative … effects for all four countries. This points to an important international spillover channel of QE programs to bond safety …

We estimate the response of euro area sovereign bond yields to purchase operations under the ECB's Public Sector …, led to a temporary 7 basis-point decline in sovereign bond yields on the day of purchase. This impact estimate is well …

-stressed country such as Germany. Yield-seeking strategies were predominantly pursued by strong banks in Germany. Thus, with respect to …For the largest 55 German banks, we detect the presence of countercyclical yield seeking in the form of acquisition of …

This paper studies the emergence of sovereign bond yield spreads in the Eurozone prior to the financial crisis. While … cycles deviate most from the average Eurozone cycle. In contrast, spreads did not arise in response to adverse macroeconomic …