Bonding - Publications - Faculty & Research

18 Oct 2013
Working Paper Summaries

Monetary Policy Drivers of Bond and Equity Risks

Keywords: by John Y. Campbell, Carolin E. Pflueger & Luis M. Viceira

15 Jun 2012
Working Paper Summaries

Reaching for Yield in the Bond Market

Keywords: by Bo Becker & Victoria Ivashina

29 Jun 2020
Working Paper Summaries

Measuring the Perceived Liquidity of the Corporate Bond Market

Keywords: by Sergey Chernenko and Adi Sunderam; Financial Services

Reaching for Yield in the Bond Market

Reaching-for-yield — the propensity to buy riskier assets in order to achieve higher yields — is believed to be an important factor contributing to the credit cycle. This paper analyses this phenomenon in the corporate bond market. Specifically, we show evidence for... View Details

September 2007
Supplement

Wells Fargo Convertible Bonds (CW)

By: Malcolm P. Baker and Elizabeth Kind

Keywords: Bonds; Financial Services Industry

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March 2009 (Revised October 2009)
Teaching Note

Washington Mutual's Covered Bonds (TN)

By: Daniel Baird Bergstresser and Robin Greenwood

Teaching Note for [209093]. View Details

Keywords: Banks and Banking; Bonds; Banking Industry

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May 2005 (Revised January 2006)
Case

Ticonderoga: Inverse Floating Rate Bond

Presents a simple interest hedging exercise. A hedge fund is considering an investment in a structured fixed--income product: an inverse floating-rate bond, or inverse floater, designed by a U.S. investment bank. The hedge fund's normal policy is to hedge interest rate... View Details

Keywords: Risk and Uncertainty; Credit Derivatives and Swaps; Bonds; Investment Funds; Interest Rates

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12 Jan 2017
News

Bond Covenants and Skeptic Skepticism

24 Feb 2011
Working Paper Summaries

Issuer Quality and Corporate Bond Returns

Keywords: by Robin Greenwood & Samuel G. Hanson

02 Aug 2021
News

Why Bond Funds May Be Riskier than They Seem

February 2023
Technical Note

Bond Analysis: Yield to Maturity

By: Emily R. McComb

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January 2012 (Revised March 2012)
Teaching Note

Kroll Bond Rating Agency (TN)

Keywords: Bonds

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June 2012
Article

Comovement and Predictability Relationships Between Bonds and the Cross-Section of Stocks

By: Malcolm Baker and Jeffrey Wurgler

Government bonds comove more strongly with bond-like stocks: stocks of large, mature, low-volatility, profitable, dividend-paying firms that are neither high growth nor distressed. Variables derived from the yield curve that are already known to predict returns on... View Details

Keywords: Relationships; Bonds; Stocks; Investment Return; Cash Flow; Quality; Risk and Uncertainty; Forecasting and Prediction; Profit

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November 2003
Article

The Maturity of Debt Issues and Predictable Variation in Bond Returns

By: Malcolm Baker, Robin Greenwood and Jeffrey Wurgler

The maturity of new debt issues predicts excess bond returns. When the share of long-term debt issues in total debt issues is high, future excess bond returns are low. This predictive power comes in two parts. First, inflation, the real short-term rate, and the term... View Details

Keywords: Borrowing and Debt; Bonds; Investment Return; Financial Markets; Forecasting and Prediction

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July 2006
Supplement

Citigroup: Euro Zone Bond Trading (D)

By: Lynn S. Paine, Christopher Bruner and Aldo Sesia

Keywords: Bonds; Financial Services Industry; Europe

Citation

October 2003 (Revised December 2003)
Case

STMicroelectronics N.V., 2003 Convertible Bond Offering

By: William E. Fruhan Jr.

Focuses on the valuation of a complex option embedded in a convertible debenture with a negative yield to maturity. View Details

Keywords: Bonds; Valuation

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April 2004
Tutorial

Yield Curves and Bond Ratings Tutorial

By: William E. Fruhan Jr.

To preview this online product, Authorized Faculty can call our customer service department at 1-800-545-7685 or 617-783-7600. This online tutorial explains what drives the shape of the yield curve for traded debt securities. Also describes the metrics used by rating... View Details

Keywords: Bonds; Investment Return; Financial Services Industry

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