article aims to investigate the effect of investor sentiment as a systematic risk factor on speculative bond yield spreads … period extends from January 1997 to August 2014. In the VAR models, speculative bond spreads and consumer confidence index … period sentiment. Empirical findings imply that investor sentiment is a systematic risk factor in risky bond markets. …

We study the importance of time-varying bond risk premia in a consumption and portfolio-choice problem for a life …-cycle investor facing short-sales and borrowing constraints. Tilts in the optimal asset allocation in response to changes in bond … implement a strategy that optimally conditions on prevailing bond risk premia in addition to her age and wealth. To solve our …

has marked the outer boundary of Treasury bond maturities. However, longer-term bonds were not unknown in earlier years …

bond yields. It shows that the low short-term interest rate, induced by the Bank of Japan's (BoJ) accommodative monetary …. These findings are relevant to ongoing policy debates in Japan and other advanced countries about government bond yields …