mechanism of bond yields. Our key contribution is exploring both the global and the local dimensions of bond yield determinants …

The popular Nelson-Siegel (1987) yield curve is routinely fit to cross sections of intra-country bond yields, and …, modeling a potentially large set of country yield curves in a framework that allows for both global and country …-specific factors. In an empirical analysis of term structures of government bond yields for the Germany, Japan, the U.K. and the U …

We estimate a cross-sectional model of the yield spreads of German Mittelstand bonds as a function of liquidity … characteristics. Our results show a significant positive effect of illiquidity on the yield spread, which persists after controlling …

The popular Nelson-Siegel (1987) yield curve is routinely fit to cross sections of intra-country bond yields, and …, modeling a potentially large set of country yield curves in a framework that allows for both global and country …-specific factors. In an empirical analysis of term structures of government bond yields for the Germany, Japan, the U.K. and the U …