Stivers C.,Sun L.Stock Market Uncertainty and theRelation between Stock and Bond Returns. Workingpaper,Federal Reserve Bank of Atlanta . 2002Stivers, C. & Sun, L., 2002. Stock market uncertainty and the relation
Briefly explain why yields to maturity and bond prices move in opposite directions. Explain why yields to maturity and bond prices move in opposite directions. What are some of the factors that can affect a bond price? Answer in detail. 1. Explain the differenc...
How do you explain to a casual observer why high-yield bond returns are more correlated to common stock returns than to investment-grade bond returns? How would you explain to a casual observer why high-yield bond returns are more correlated to common stock returns ...
bond market from 2008 to 2013 as the study sample, this paper investigates the relationship between different types of guarantee and external auditing. The empirical result indicates that: a related-party guarantee is significantly positively correlated with high-quality external auditing, while a local...
• Hedging activities of market makers influence the lead–lag relation. Abstract We analyze the lead–lag relation between VIX futures and SPX futures. The two futures markets are weakly connected when market volatility is low. By contrast, when volatility is high, their prices are highly negat...
The signal for slow (with rotational correlation time τc > 0.1 ms) and/or anisotropic segments is selectively enhanced in CP spectrum, while the INEPT technique only boosts the signal of mobile segments and yields no signal for rigid segments. The dependence of CP and INEPT intensities on ...
A.The call price acts as a floor on the value of a callable bond. B.The value of a callable bond is equal to the value of the straight bond component plus the value of the embedded call option. C.When yields rise, the value of a callable bond may not fall as much as a similar...
Robert Connolly,Chris Stivers,Licheng Sun.Stock Market Uncertainty and the Stock-Bond Return Relation[J].The Jour- nal of Financial and Quantitative Analysis,2005(40):161-194Connolly, R., Stivers, C., and Sun, L., (2005) "Stock Market Uncertainty and the Stock-Bond Return Relation" ...
As an innovative feature of our empirical model, we used long-term government bond yields in order to explain this risk-return relation. Our research suggests that stock market investors should use long-term government bond yield for the UK and term spread for the US in order to instrument ...
A., C. T. Stivers, and L. Sun. 2005. Stock Market Uncertainty and the Stock-Bond Return Relation. Journal of Financial and Quantitative Analysis 40:161-94.Connolly, R., C. Stivers, and L. Sun (2005). Stock market uncertainty and the stock- bond return relation. Journal of Financial...