; construction of sufficient portfolio; backtesting on USD zero-coupon curves. Portfolio of two bonds is constructed (theoretically …

for bonds. For the stock market we used realized returns and estimated the role of the green factor in the yield using the … individual companies. Using data on a number of green bonds and their chosen “twin” bonds, we calculate the difference in the … premium in the yield to maturity over that of a similar government bond for all pairs of “twin” bonds and proceed to check if …

We examine the impact of Chinese monetary policies on the excess bond yields of Chinese local bonds issued by Chinese … local government entities. We find that an expansion in M2 generally raises the excess yields of the bonds of Chinese local … government entities, and the impact is amplified for local bonds issued by local governments that are characterized as having a …

bonds), on local bonds issued by Chinese local government entities. We find that an expansion in M2 generally raises the … excess yields on bonds issued by local government entities, and the impact is amplified for bonds issued by the local … results confirm that excess yield on local bonds can be an indicator of market risk of local government debts and the …

We analyze four years of transaction data for euro-area sovereign bonds traded on the MTS electronic platform. In order … results confirm that trades of more recently issued bonds and longer maturity bonds have a greater permanent effect on prices …. We compare the price impact of trades for bonds across different maturity categories and find that trades of French and …