Bonds - Publications - Faculty & Research

September 2007
Supplement

Wells Fargo Convertible Bonds (CW)

Keywords: Bonds; Financial Services Industry

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

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

Citation

Purchase

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

Citation

Educators

Purchase

October 2011 (Revised April 2013)
Case

Kroll Bond Rating Agency

The established credit raters were criticized for inflating the mortgage credit bubble that imploded in 2008. A new rating agency, KBRA, is considering how to capitalize on the opportunity this presents and how to enter the industry. A small group of managers have to... View Details

Keywords: Financial Instruments; Financial Management; Financial Services Industry

Citation

Educators

Purchase

May 1988 (Revised July 1989)
Case

Chicago Bond Sales Department

Citation

Find at Harvard

29 Jun 2020
Working Paper Summaries

Measuring the Perceived Liquidity of the Corporate Bond Market

Keywords: by Sergey Chernenko and Adi Sunderam; Financial Services

24 Feb 2011
Working Paper Summaries

Issuer Quality and Corporate Bond Returns

Keywords: by Robin Greenwood & Samuel G. Hanson

12 Jan 2017
News

Bond Covenants and Skeptic Skepticism

January 2012 (Revised March 2012)
Teaching Note

Kroll Bond Rating Agency (TN)

Keywords: Bonds

Citation

Purchase

July 2006
Supplement

Citigroup: Euro Zone Bond Trading (C)

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

Keywords: Bonds; Financial Services Industry; Europe

Citation

02 Aug 2021
News

Why Bond Funds May Be Riskier than They Seem

October 2006 (Revised October 2012)
Teaching Note

Wells Fargo Convertible Bonds (TN)

By: Malcolm P. Baker

Keywords: Financial Services Industry

Citation

Purchase

16 Jul 2018
News

Municipalities could benefit from issuing more green bonds

October 1972
Article

A Dynamic Model for Bond Portfolio Management

By: D. B. Crane and S. P. Bradley

Keywords: Bonds; Investment; Management

Citation

Find at Harvard

2017
Article

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds

By: John Y. Campbell, Adi Sunderam and Luis M. Viceira

The covariance between U.S. Treasury bond returns and stock returns has moved considerably over time. While it was slightly positive on average in the period 1953–2009, it was unusually high in the early 1980s and negative in the 2000s, particularly in the downturns of... View Details

Keywords: Inflation and Deflation; Bonds; Interest Rates; Investment Return; Risk Management

Citation

Read Now

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

Citation

Find at Harvard

Read Now