policy implications for the e17.5 trillion European pension and insurance industries: long maturity bond yields seem …

for their sovereign bond emissions. For this purpose we make use of financial market data from 288 tradable cantonal bonds … contribute significantly to lower cantonal bond spreads. Second, we study the impact of a credible no-bailout regime on the risk …

the corporate bond market. The relation is stronger following periods of low funding liquidity due to a funding liquidity … participation of dealers in the corporate bond market in 2014, (ii) the Global Financial Crisis of 2008, and (iii) the COVID-19 …

This paper develops a decentralized theory that determines the fair value of the yield-to-maturity of a bond or bond …

-form expressions for the vector of expected bond returns and for the covariance matrix of bond returns based on a general class of well … heteroskedasticity in bond returns. An empirical application involving a data set with 15 fixed income securities with different …

depend on the type and nature of the surprise and change over time. Decomposing bond yields into expected short-term interest … rates and the term premium reveals that both signalling and portfolio rebalancing effects explain the responses of bond … important to Swiss government bond yields than Swiss stock prices …