in yield curves by one or two percentage points. They indicate major medium‐term risks for highly indebted member states … drastically with the surge in inflation and government bond rates. Assuming that bond rates remain at the levels implied by yield … curves from December 2022, interest expenditure rises substantially. We also examined scenarios with a further upward shift …

briefly discusses bond ratings and defines yield curves and examines their characteristics, uses and how information can be …

structures. We build a database of daily Treasury yield curves for U.S., Germany, U.K. and Japan, using common criteria to filter …

literature regarding not only the total number of latent factors required to explain the joint dynamics of yield curves, but also … the number of common and of local factors. Using data on international yield curves of U.S., Germany, U.K. and Japan from … yield curves are driven, first, by the instantaneous correlation between local factors of different countries and, then, by …