High-yield bond spreads
Latent Liquidity and Corporate Bond Yield Spreads
... because high volume funds will typically engage both in buying and ...average bond in our ...a bond is held to a greater extent by funds that are either buying more than they are selling or ...the ...
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Latent Liquidity and Corporate Bond Yield Spreads
... increase of two basis points in the CDS-bond basis. This indicates that bonds are relatively more expensive compared to the CDS contracts, when the CDS market illiquidity is high. There are two possible ...
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Determinants of sovereign bond yield spreads in the euro area in
... the spreads. To illustrate the evolution of the dispersion of country spreads, Figure 2 presents the yield spreads coefficient of ...the high liquidity prevailing in international ...
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Macro news and bond yield spreads in the Euro area
... Our study makes a threefold contribution. First, it focuses on the relationship between macro news and bonds before and after the 2008 crisis in the euro area, for which limited evidence is available. Second, in contrast ...
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Sovereign Bond Yield Spreads: A Time-Varying Coefficient Approach
... sovereign bond yield spreads in the euro ...corporate bond yield spread (’US BBB-spread’) was with only one exception always positive, indicating that in periods of high global ...
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The Relation Between Treasury Yields and Corporate Bond Yield Spreads
... and yield spreads on call- able bonds is much more strongly negative than it is for noncallable ...for high-priced callable bonds than for low-priced callable bonds, a pattern that is consistent with ...
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Predicting spreads in the Nordic high yield bond market : a study of credit pricing in the years 2000-2012
... the spreads of bonds issued by public firms, as stock prices are a major component of the model input parameters, and the use of ...past bond price ...detailed bond price ...
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Sovereign bond yield spreads and sustainability : an empirical analysis of OECD countries
... An additional covariate is country openness, which plays an important role in explaining an economy’s cost of borrowing, as the penalty for sovereign default is higher in terms of capital reversion in an open than in a ...
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The Anatomy of the High Yield Bond Market
... the high yield bond market was essentially a solely ...U.S. high yield bonds promised, on average, a yield spread of 436 basis points ...of high yield bonds for ...
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AGF High Yield Bond Fund
... Although high yield corporate bond spreads widened significantly until mid-February 2016 as riskier asset classes sold off in response to heightened financial market volatility, spreads ...
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Counter‐Credit‐Risk Yield Spreads: A Puzzle in China's Corporate Bond Market
... in their investment portfolio from high credit risk exposure positions to the corporate bonds when the credit condition deteriorates. The positive relationship between LM and the aggregate credit risk mentioned ...
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Estimating the Term Structure of Yield Spreads from Callable Corporate Bond Price Data
... credit spreads of the callable bond would be corrupted, and should be interpreted only as a ...the bond if not ...a high degree of both accuracy and robustness for a wide range of ...
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Convenience yield on government bonds and unconventional monetary policy in Japanese corporate bond spreads
... very high debt to GDP ...JGB yield and high debt to GDP ratio is interesting, this study focuses on the relationship with the stock of JGBs and corporate bond spreads, which we examine ...
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Behavioral Factors Influencing Sovereign Bond Yield Spreads: Evidence from Euro Countries.
... The recent financial crisis has drawn attention in Europe to an indicator of credit risk that only a few years ago had seemed to have almost disappeared, the spread, the difference between the interest rate offered by ...
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The Determinants of Corporate Bond Yield Spreads in South Africa: Firm-Specific or Driven by Sovereign Risk?
... sovereign bond yield spreads in their sample are not fully consistent with the application of the sovereign ceiling rule: several firms have foreign currency bonds that trade at significantly lower ...
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The determinants of sovereign bond yield spreads in the EMU
... Finally, column (4) presents the results from a parsimonious specification obtained by moving from the general specification presented in column (3) towards a more specific model including statistically significant ...
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The determinants of sovereign bond yield spreads in the EMU
... of yield spreads, including Greece, Portugal, Spain, Ireland and Italy, captures the risk involved in investing to periphery relative to core countries’ ...higher spreads iii) since August 2007 ...
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Macro News and Bond Yield Spreads in the Euro Area
... 1 Introduction The issue of how macroeconomic news affect financial markets has become increasingly im- portant in recent years. In particular, the European sovereign debt crisis that started in September 2009, when the ...
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On Estimating the Relation Between Corporate Bond Yield Spreads and Treasury Yields
... between yield spreads and Treasury yields for his noncallable bond ...the yield spread of the included bonds over the yield on Government of Canada bonds, so that this spread is as ...
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OAKTREE HIGH YIELD BOND FUND
... Principal Risks As with any mutual fund, you may lose money by investing in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market ...
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