In this paper, we analyze the Chinese Government Bond (CGB) market. We find that CGB returns exhibit three common risk … risk factors exhibit strong momentum. In particular, weekly returns on medium and long maturity bond portfolios have a … serial correlation of 27.73% and 31.29%, respectively. We further show that the serial correlation in bond returns allows …

sum bond) market in Hong Kong has been established to promote the use of RMB in investment outside China. This market has … bond market will continue to grow because of China's efforts to internationalize its currency as a national policy …China, the second largest economy in the world after the US, has started the process to internationalize its currency …

This article examines whether there is a correlation between the government bond markets of Asian countries and those … of the USA, and whether the efforts of international organizations to improve bond markets have had any effect in East … Asia. Because the sizes of the government bond markets are larger than those of the corporate bond markets in East Asia …

EMEs exploiting the opportunity. India also launched its rupee-denominated bond (masala bond) abroad in 2013, seeking to … peers, China and Brazil, to learn from their respective paths and experiences in similar regard. The paper concludes by … listing the key essentials for future growth and long-term sustainability of the masala bond market and its emergence as a …

The aim of the study is to investigate the behaviour of the Chinese government bond yield curve before and during the … reduction. The main empirical results show that in the pandemic period, the behaviour of the Chinese government bond yield curve …

Taking the first bond defaults in each province in China as credit events, we adopt a difference-in-difference model … event day, suggesting a spillover effect. The spillover effect is stronger for local state-owned-enterprise bond defaults … rates and higher general public budget revenue are less affected by the first bond defaults. Overall, our paper provides new …

We examine the effect of bond Exchange‐Traded Funds (ETFs) on corporate bond liquidity. Using Propensity Score Matching … liquidity needs, contributing to the steady growth of HY bond ETFs. Increased HY ETF institutional ownership channels trading … away from the underlying corporate bonds to the ETF shares and decreases bond aggregate liquidity, although in the cross …

sovereign bonds to the news. The results show that the COVID-19 related news has a significant regime shift impact on the bond … returns when news arrives in the market. The bond returns remain in a volatile state for a longer duration with lower returns …. The results indicate that the bond returns are sensitive to the COVID–19 related news, and investors need to consider this …