components makes it possible to quantify the drivers of excess returns in the corporate bond market. …

This paper analyzes the influence of downside risk on defaultable bond returns. By introducing a defaultable bond … bond excess returns using a portfolio-level analysis and Fama-MacBeth regressions. We find that downside risk is a strong … and robust predictor for future bond returns. In addition, due to the higher proportion of abnormal transactions in the …

. Because Government bonds, corporate bonds, and mortgage backed securities constitute a large proportion of the assets of …

Using an aggregate credit spread index, we find that it has substantial predictive power for corporate bond returns … controls. The credit spread index and its components have more predictive power for bond returns than conventional default and … more predictive power for future bond returns. The source of the index's predictive power is from its ability to forecast …

of our knowledge this is the first study that analyzes the specific credit risk component of the green bond yields: we …

banks in the Chinese bond market, which narrow the primary market spreads of capital bonds issued by systemically important … sample bank consolidated assets as proxies of systemic importance, and use China Development Bank bond yields to calculate …

This study examines the sources of capital for sustainable development and investigates the existence of a green bond … premium in both primary and secondary bond markets across the Asia-Pacific and European regions. Utilizing the robust …, indicating the existence of a green bond premium. In contrast, this distinction is not observed in Europe. These findings suggest …

Corporate bond yields are the manifestation of the cost of financing for private firms, and if properly evaluated, they …

, the urban construction investment bond (UCIB) is unique to China. The UCIB credit spread, which represents the … implicit government guarantees. After accounting for bond factors, local government financing vehicle factors, and …