estimation with cross-sectional asset pricing. Our factors correspond to the optimal non-parametric basis functions spanning the … principles. Empirically, we show that four factors explain the discount bond excess return curve and term structure premium. Cash …

This paper analyses persistence and non-linearities in quarterly and monthly US Treasury 10-year bond yields over the …

economies that had not been seen in decades. This pushed up interest rates, which in turn led to higher yields in global bond … markets. This study examines two distinct channels that transmit advanced economy inflation to emerging market bond yields by … and contraction in emerging market bond yields. Second, the shortrun effect of advanced economy inflation on the bond …