This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond …

authorities in achieving a better understanding of the current situation of the green bond market in global terms …

This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond …

we can compute a bond invoice i.e., the present value for a given cash investment in the bond. We present the classical … bond pricing formulae and show how to modify this formula to account for accrued interest.To be able to evaluate bond cash … the bond. There is no closed-form analytical solution. Therefore, it must be solved for using an optimization algorithm …

We present a discrete time model of expected bond returns (EBR). These are ex-ante expectations implied by the market … prices and the data set available when bond prices are quoted. The model can be used to estimate the rating-adjusted EBR, its … implement the model using corporate bond transaction data from the United States and a rating agency transition matrix to …

Expectations of risky bond payments are unobservable and recovery rates for sovereigns are hard to estimate because …

-jump process to compute the monthly default probabilities of a bond issuer whose income is uncertain with high volatility in tax … collection. In particular, the case of a sovereign bond issued by the Mexican government in United States Dollars (to ensure the …

bond spreads by increasing distress resolution costs. Alternatively, they can decrease bond spreads by deterring the firm … find that bond spreads increase with CDS insurance. Additional tests indicate that the increase in spreads is associated …

yields and are more likely to include default clauses pertaining to court judgments in the bond prospectuses. However, within … pending lawsuits are rewarded with lower yields. This evidence suggests that bond investors interpret the decision to disclose … demand more stringent bond terms. However, bond investors associate a higher level of disclosure with a lower likelihood of …