Bonds with high EPU beta have low expected returns, and this negative premium is robust to controlling for conventional risk factors, bond characteristics, and macroeconomic conditions and uncertainty. The effect of policy risk is pervasive, stronger for speculative-grade bonds, and...
3. Only consider high-yield bonds in moderation.High-yield bonds offer high absolute yields, with the average yield-to-worst of the Bloomberg US Corporate High-Yield Bond Index closing at 7.1% on November 29, 2024. It has been 7% or more since May 2022. A large portion of that yield i...
Corporate borrowers kick off 2025 with record-setting $83bn bond bonanza Issuers pounce on surging investor demand for debt before Donald Trump returns to the White House Sovereign bonds Bond market ‘police’ are back as investors patrol spending plans ...
Plausibly, actions by the Federal Reserve and other arms of government during the crisis are likely to have altered relations between bond returns and earnings or T-Bill rate changes, but not necessarily in the same ways for issuers of investment and speculative grades. As well, the timing of...
Huynh TD, Xia Y (2021) Climate change news risk and corporate bond returns. J Financ Quant Anal 56(6):1985–2009. https://doi.org/10.1017/S0022109020000757 Article Google Scholar Luo L, Tang Q (2021) Corporate governance and carbon performance: role of carbon strategy and awareness of cl...
Regulatory pressure and fire sales in the corporate bond market J. Financ. Econ. (2011)View more references Cited by (114) IPO peer effects 2022, Journal of Financial Economics Show abstract Portfolio similarity and asset liquidation in the insurance industry 2021, Journal of Financial Economics Sh...
When investors buy abond, they essentially lend money to the issuing entity. The bond is a promise to repay its face value—the amount loaned—with an additional specified interest rate within a specified period of time. The bond, therefore, may be called anIOU. ...
Investment Objective The Global Corporate Bond Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in investment grade corporate fixed income securities issued by companies worldwide. Currency exposure is flexibly managed. ...
In 2022, soon after the covid crisis and soaring worldwide inflation, the country once more fell into political and economic upheaval, which is perhaps a warning sign for other developing countries in the South Asia region. The country’s bond repayment was suspended, the dollar reserves melted...
Global Corporate Bond - GBP Hedged Dealing Frequency Daily, forward pricing basis SEDOL BWXT999 Share Class launch date 29-Apr-2015 Share Class Currency GBP Asset Class Fixed Income Initial Charge 5.00% Management Fee 0.40% Performance Fee