We examine whether CAT bonds can serve as a hedge or a safe haven for global stock, bond, real estate, commodity …

corporate bond and stock markets. Using a comprehensive bond dataset, we observe a significant momentum effect in corporate bond … returns and bond credit spread changes. The momentum effect in bond total returns, however, is confined to low-grade bonds and … bond credit spread, not the total return, is a more appropriate proxy to examine the response of bond prices to new …

bond portfolios. During the QE period, the bond portfolios have significantly lower excess returns and variances, and their …

use these to create hypothetical inflation-linked bond returns. We compare these with the return on actual inflation …-linked bond returns on a recent sample and find that surveys of professional forecasters and moving average models perform best …. We confirm these findings for a sample of 19 international inflation-linked bond markets. Using surveys of professional …

This paper studies the role of mutual fund yield in driving investor flows and performance of bond funds. Using two … common measures, the SEC yield and 12-month distribution yield, we find strong evidence that investors tend to chase bond … funds with higher yields, even after controlling for total fund returns and fund ratings. Although bond funds with higher …

In this paper we explore a new explanation of why closed-end bond funds exist when similar open-end funds are available …. In general, closed-end funds operate in the less-liquid parts of the market. When we compare closed-end bond funds with a …. Examining a large sample of closed-end bond funds, we find that leverage is issued in years with a high term premium. For this …

whether culture and patriotism influence home bias in bond portfolios. In this respect, I differentiate between two different …