This paper analyses persistence and non-linearities in quarterly and monthly US Treasury 10-year bond yields over the …

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending … the value of the lending relationship and lowers the lending rate. Bond investors demand compensation for the increased …

This paper estimates the preference scores of CoCo bond buyers and sellers by running multinomial logistic regressions … taking into account both bond and issuing banks' characteristics; it also provides evidence on the role of country …−specific CoCo bond market concentration. Buyers are defined as having a preference for CoCo bonds if their return−to−risk is higher …

Bayesian updating is the dominant theory of learning. However, the theory is silent about how individuals react to …

default probability, showing that it decreases with central bank bond-holdings. Calibrating the model to Germany and Italy, we …

This note examines the stochastic behaviour of US monthly 10-year government bond yields. Specifically, it estimates a …