Hedging bond portfolios using futures is often utilized in developed countries where the bond market is liquid and … futures are considered quick and inexpensive way of eliminating risk. The EM bond market is underdeveloped. Asset managers …

as a function of the EUA and compute in a simple way a Carbon Bond and other index-linked carbon derivatives …

as the corporate bond market have been modest, there have been dramatic changes in certain derivatives markets, foreign …

This paper analyzes the effectiveness of hedging a defaultable bond, that may not be at par, with a credit default swap … framework uses bond recovery and time to default, which are correlated, to calculate the variance of the hedging errors and the … optimal hedge ratio for the bond-CDS trade. The results show that there are irreducible risks when hedging a defaultable bond …

schemes, which is consistent with quoted market bond prices. Traditionally, there have been differences in how instruments … with similar cash flow structures have been priced if their definition falls under that of a financial derivative versus if …, we provide some practical proxies, such as first-order approximations or basing calculations of CVA and DVA on bond …