over nominal bonds. The shape of the nominal and real bond yield curves are upward sloping due to increasing duration and …

This research investigates the macro factors for forecasting (1) bond risk premia and (2) term structure of government … bond yields by using Bayesian Model Averaging (BMA) based on empirical prior. Different from the traditional variable … further improve the other method's forecasting performance. The performance of using BMA to forecast bond excess return is …

theory and in numerical estimates that eurobonds are able to lower the overall cost of servicing the public debt for some …

This paper explores the spillover effects of Hurricane Katrina on corporate bonds through the liquidations of bond … reinsurance companies create a persistent negative price impact on bond prices. There is some evidence of partial price reversal … firms to resort to bond financing, redirecting them towards bank financing. This shift is stronger for firms with higher …

there is no clear common sense for that. Our main purpose in this paper is to present how the classical Fisher-Weil bond … change approximation and the associated bond hedging technique can be enhanced, such that we are able to solve simultaneously … these two issues. The good approximation of the bond or portfolio change we derive, allows to get an interesting consequence …

stochastic interest rate models. We also consider forward rates which are implied by stochastic bond prices. We highlight to … major drawbacks of the commonly used stochastic models. The first drawback is the theoretical possibility that bond admits … rate in such a way that it would be consistent with deterministic definition of the bond while some popular are not. In the …

We examine term structure theories by using a novel approach. We form bond investment strategies based on different … indeed form the basis of a successful bond strategy that outperforms an unbiased expectation inspired passive bond buy and … if one uses information from the forward curve or the term structure as a guide to adjusting bond portfolios in response …

This article derives a new formula for the yield elasticity of bond price. The formula provides accurate results …

Pricing bonds is generally one of the earliest applications of time value of money in a finance curriculum. A bond … security. This paper works through the pedagogy of bond pricing and extends the traditional bond pricing formula in a manner … about bond pricing and the time value of money …

the moniker "The Bond King." …