performance? Our paper investigates by constructing a simple bond market in thelaboratory. Human investors observe public … information on default probability and then, beforetrading, decide how much to invest in acquiring private information on the bond …

that convexity is more accurate measure as approximation of bond prices changes than duration. The main goal of this study …

Expectations of risky bond payments are unobservable and recovery rates for sovereigns are hard to estimate because …

different borrowers that is distinct from the standard metrics gleaned from bond yields or credit-default swaps. As such, while …

demonstrates how variation in bond prices is related to variation in repo rates on collateralized loans against bonds. I …

only strong evidence of information asymmetry in sovereign bond markets, but we also show the relevance of information … asymmetry in explaining the cross-sectional variations of bond yields across a wide range of bond maturities and countries. Our … highest permanent price impacts in the long maturity class. More importantly, we study the cross-section of bond yields and …

demonstrates how variation in bond prices is related to variation in repo rates on collateralized loans against bonds. I …