ffine property, we compute the nominal and inflation-indexed bond prices explicitly. We derive no-arbitrage drift conditions … for the factor process. Then, we perform a novel hedging analysis where our objective is to replicate an indexed bond of a … U.S. bond data and perform an in-sample hedging analysis. Having relatively small in-sample hedging errors, we validate …

. Based on prior empirical studies, we suggest that green bond commitments help managers signal the profitability of their …

about firm risk prefer to trade in the option market, and that the corporate bond market is slow in incorporating that …

we label Convergence Gap (CG), contains information that is valuable for bond predictability. Adding CG in forecasting … regressions of bond excess returns significantly raises the R-squared, and restores countercyclical variation in bond risk premia … the path of rates, our factor has predictive ability for real bond excess returns. The importance of the gap remains …

The effective functioning of the municipal bond market is crucial for the provision of public services, as it is the …

bond - to shareholders Finally, we document a significant relationship between the mispricing measure and the issuing firms …