French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011 … bond's yields, although Germany's rating status was never touched by CRA. There is no evidence for Granger causality from … bond yields to rating announcements. We infer from these findings that CRA announcements significantly influenced crisis …

conditions and lead to a substitution effect among bond instruments. We examine the pricing of straight, covered and …) ECB's asset purchase programmes exhibited mixed effectiveness in improving banks funding conditions, (v) contractual bond …

consistent cross-sectional relationship between default risk and bond yields is restored for the Eurozone countries only, a … higher bond yields compared to those of safer European countries, during and after the sovereign debt crisis of 2010 …-2012. Using the relative pricing between credit default swap (CDS) spreads and bond yields, we show that an inconsistent cross …

bond yield spreads. We consider a large sample period covering both the global financial crisis and the European sovereign …

We examine the impact of the ECB’s Securities Market Program (SMP) and the ECB’s two Covered Bond Purchase Programs … (CBPPs) on sovereign bond spreads and covered-bond prices, respectively, for five euro-area stressed countries -- Greece … programs reduced sovereign spreads and raised covered bond prices. The quantitative effects of the programs were modest in …

bond design parameters. In out-of-sample testing we find significant diversification benefits for investors, with strongly …

has marked the outer boundary of Treasury bond maturities. However, longer-term bonds were not unknown in earlier years …

restructuring of any foreign eurozone country. Debt will not be forgiven: individual states will agree to buy it back from the ECB …