green bond returns and volatilities. On the whole, the evidence suggests weaker linkages, and thus a lower degree of …

cycle and do not signal underpricing when a perfect matching between the auctioned bond and the market quote used is ensured. …

We document a higher bond return volatility around the time of default for bonds included in CDS auctions (especially … cheapest-to-deliver bonds) versus those that are not, while controlling for firm fundamentals and bond illiquidity. This … CDS buyers and sellers manipulating bond prices to achieve favorable CDS auction outcomes, rather than a spillover of …

-causality test. The positive, negative, and uncorrelated impacts of COP on the green bond index (GBI) are captured with the same … sample. The positive effects show that the prosperity of the green bond market is promoted by the high COP, demonstrating … pressure. Understanding the nexus between COP and the GBI is of practical significance for bond issuers, regulators, and …