Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a … variation of corporate bond returns than global factors. The factor exposures show intuitive patterns: as ratings worsen, equity … betas show a hockey stick pattern, sovereign betas decline monotonically and corporate bond betas increase steeply. …

Bond laddering and bond indexing have been widely accepted approaches to bond investing among retail investors. However …, bond laddering has virtually been ignored in both the academic literature and most of the popular investment textbooks. One …

). Progress into fixed income asset pricing has been slow, and there is still no consensus of which combinations of bond indexes … duration factor, a global bond factor, a credit factor, and three exchange rate factors, the resulting ten-factor model can …