This paper proposes a novel bond return (price or yield curve) prediction methodology, unifying the classical no … finance, and empirical asset (bond) pricing methodologies, e.g., (Bianchi, et al., 2020) for treasury bonds and (Gu, et al … equally- or optimally-weighted treasury bond portfolios in China exchange-based markets bear significant positive returns. The …

principles. Empirically, we show that four factors explain the discount bond excess return curve and term structure premium. Cash …