show that greater skewness is associated with higher sovereign bond yields and higher short-term interest rates, whether … measured in face or market value. In contrast, an increase in debt concentration tends to reduce both sovereign bond yields and …

portion of the comovement among sovereign spreads is accounted for by changes in global financial risk. We construct bond … financial risk causes a large and persistent widening of sovereign bond spreads. These effects are strongest when measuring … global risk using the excess bond premium, which is a measure of the risk-bearing capacity of US financial intermediaries …

Political risk is a significant determinant of bond yields and economic growth in both developed and emerging markets …

domestic bond market in South Africa. Domestic government debt accounted for 90.1 per cent of total gross debt of the national …

Political risk is a significant determinant of sovereign debt dynamics. We estimate the sensitivity of bond yields and …