timed the bond market by shifting their issuance toward bonds eligible for the program. However, issuers of eligible bonds … bond market and in the default swap market, whereas the valuation of eligible bonds did not change relative to comparable … ineligible bonds. Firms took advantage of reduced risk premia by issuing riskier bond types. Using a novel and comprehensive …

financial statements, equity and bond characteristics. We use a predictive regression framework and the adaptive Lasso to choose … the most relevant characteristics. Applying the adaptive Lasso, we find a ten-factor model, with value, bond reversal, and …, we evaluate the ability of U.S. corporate bond fund managers to generate alpha. We apply the False Discovery Rate (FDR …

China’s bond market has been ranked third globally; however, China’s corporate bonds are significantly less liquid than … its stocks. Liquidity risk is an important component in China’s corporate bond spreads. In this paper, we propose a … bond market. The Monte Carlo simulation technique is used to quantify the impact on the liquidity premium of various …

of climate risks in euro area corporate bond markets, focusing on physical and transition risk. Using climate news as a … pricing in the European bond markets, highlighting the importance of physical risk and the evolving nature of investor demand …