counterfactual stock market index price change that results purely from the change in the default-free yield curve induced by the … monetary policy surprise. The yield curve change in turn partly reflects a change in expected future short-term interest rates …/odd week FOMC cycle in stock index returns is also largely due to an FOMC cycle in the yield curve rather than the equity …

volatility increases, investors require a larger yield compensation for holding EME local currency sovereign bonds. The impact of …

. Consequently, since its launch as a store of value and unit of account, there has been a clear convergence between the yield of … on the yield spread of French 10-year bonds, relative to the German Bund of the same maturity for the period January 1999 …