Corporate bond yields have spiked

2008 ◽  
Keyword(s):  
Corporate Bond ◽  
Bond Yields

scholarly journals Equity Volatility and Corporate Bond Yields

10.3386/w8961 ◽  
2002 ◽  
Author(s):  
John Campbell ◽  
Glen Taksler
Keyword(s):  
Corporate Bond ◽  
Bond Yields

Extracting Information from Corporate Bond Yields: A Machine Learning Approach

2020 ◽  
Author(s):  
Xu Guo ◽  
Hai Lin ◽  
Chunchi Wu ◽  
Guofu Zhou
Keyword(s):  
Machine Learning ◽  
Corporate Bond ◽  
Learning Approach ◽  
Bond Yields ◽  
Machine Learning Approach

scholarly journals An Index of the Yields of Junk Bonds, 1910–1955

2017 ◽  
Vol 77 (4) ◽  
pp. 1203-1219 ◽  
Author(s):  
Peter Basile ◽  
Sung Won Kang ◽  
John Landon-Lane ◽  
Hugh Rockoff
Keyword(s):  
Twentieth Century ◽  
High Risk ◽  
Corporate Bond ◽  
High Yield ◽  
Government Bond ◽  
Bond Yields ◽  
Middle Years ◽  
Bond Index ◽  
Junk Bonds

We present a new monthly index of the yields on junk bonds (high risk, high yield bonds) for the period 1910–1955. This index supplements the indexes of government bond yields, and Aaa and Baa corporate bond yields economic historians have relied on previously to describe the long-term risk spectrum. First, we describe our sources and methods. Then we show that our junk bond index contains information that is not in the closest alternative, and suggest some ways that the junk bond index could be used to enrich our understanding of the turbulent middle years of the twentieth century.

Cash flows risk, capital structure, and corporate bond yields

2019 ◽  
Vol 15 (3) ◽  
pp. 401-420
Author(s):  
Berardino Palazzo
Keyword(s):  
Capital Structure ◽  
Cash Flows ◽  
Corporate Bond ◽  
Bond Yields ◽  
Risk Capital

Weaker euro-area may affect Emerging Europe

2016 ◽  
Keyword(s):  
Euro Area ◽  
Credit Rating ◽  
Emerging Market ◽  
Corporate Bond ◽  
Bond Yields ◽  
Content Type ◽  
Central Eastern Europe ◽  
Political Risks ◽  
Government Bond Markets ◽  
The Uk

Subject The fallout in Central-eastern Europe (CEE) from Brexit. Significance While CEE government bond markets are being supported by investor expectations of further monetary stimulus in response to the uncertainty stemming from the UK decision to leave the EU ('Brexit'), the zloty is suffering from both its status as one of the most actively traded emerging market (EM) currencies and concerns about the policies of Poland's new nationalist government. A sharp Brexit-induced slowdown in the euro-area economy would put other CEE currencies and equity markets under strain. Impacts The ECB's full-blown QE is helping keep government and corporate bond yields in vulnerable southern European economies historically low. Uncertainty generated by Brexit reduces the scope for further US interest rate hikes later this year, lifting sentiment towards EM assets. The Brexit vote will increase investors' sensitivity to political risks, auguring badly for Poland. Poland has already suffered a downgrade to its credit rating mainly as a result of the interventionist policies of the PiS government.

THE EFFECT OF CALL RISK ON CORPORATE* BOND YIELDS

1967 ◽  
Vol 22 (4) ◽  
pp. 637-651
Author(s):  
Frank C. Jen ◽  
James E. Wert
Keyword(s):  
Corporate Bond ◽  
Bond Yields

The Effect of Sinking Fund Provisions on Corporate Bond Yields

1967 ◽  
Vol 23 (2) ◽  
pp. 125-131 ◽  
Author(s):  
Frank C. Jen ◽  
James E. Wert
Keyword(s):  
Corporate Bond ◽  
Bond Yields

scholarly journals The impact of ESG rating on corporate bond yields

2020 ◽  
Vol 7 (4) ◽  
pp. 474-488
Author(s):  
Balázs Kotró ◽  
Martin Márkus
Keyword(s):  
Risk Premium ◽  
Time Horizon ◽  
Credit Rating ◽  
Corporate Bond ◽  
Bond Yields ◽  
Yield Curves ◽  
Social Governance ◽  
The Usa ◽  
The Impact ◽  
Rating Category

This paper is to investigate whether markets assess corporate bonds riskier if their issuers have lower ESG (Environmental Social Governance) scores. For the study we used the corporate yield curves of Refinitiv further segmented by credit rating. The added risk of the ESG factor was measured in the time horizon of 2015 to 2020. It has turned out that in the USA in the group of the best debtor companies by Moody’s investors expected companies with the lowest ESG scores to provide a 35 basis point higher risk premium compared to their counterparts with the highest ESG scores. This statement is also valid for the E, S and G-rating separately. In line with another trend, the riskier your credit rating category, the lower is the risk premium caused by the lack of responsible management.

scholarly journals The Relevance of Liquidity and Country Risk to Euro-Denominated Bonds and the Influence of ECB Monetary Policy

2021 ◽  
Vol 13 (6) ◽  
pp. 1
Author(s):  
Arcuri Maria Cristina ◽  
Gandolfi Gino ◽  
Monteux Manoux ◽  
Verga Giovanni
Keyword(s):  
Monetary Policy ◽  
Country Risk ◽  
Corporate Bond ◽  
Bond Yields ◽  
Short Term ◽  
Economic Reason ◽  
Strong Link ◽  
Sovereign Bonds ◽  
Potential Impact ◽  
Main Determinants

This paper investigates the main determinants of euro denominated corporate bond yields, then analyses the “country effect” by focusing on economic reasons for the strong link between country and corporate yields. It also examines the potential impact of monetary policy of the European Central Bank (ECB) on corporate bond yields on the days of Governing Council meetings. A sample of 1,762 corporate euro-country bonds is analyzed for the period May 2005 – January 2012 using OLS panel data. The economic reason for the strong link between countries and corporate yields is investigated up to 2017. We find that idiosyncratic liquidity and risk have a crucial impact on bond yields, but yields are also strongly influenced by the risk of the corresponding sovereign bonds. Finally, we show that unexpectedness component of ECB policy also exerts a strong short-term effect.

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