Essays about: "Corporate Bonds Spreads"
Showing result 11 - 15 of 22 essays containing the words Corporate Bonds Spreads.
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11. Structural Modelling of Credit Spreads on the European Bond Market: An Empirical Study
University essay from Lunds universitet/Matematisk statistikAbstract : This thesis empirically tests the explanatory power of structural models on the European corporate bond market. Using new evaluation methods, including LASSO and gradient boosting regression, we can provide an in-depth assessment of the models’ shortcomings. READ MORE
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12. The Effect of Monetary Policy on the European Corporate Bond Market - Evidence from the yield and credit spread curve term structure
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper examines the effect of monetary policy mechanisms used by the European Central Bank on the euro-denominated corporate bond market. The focus of the paper is to analyse the impact of the central bank set interest rate for main refinancing operations (MRO) and two of the recent quantitative easing programmes - Public Sector Purchase Programme and Corporate Sector Purchase Programme - on the entire corporate yield curve. READ MORE
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13. The visible hand of the central bank: Evidence from the ECB's Corporate Sector Purchase Program
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : On March 10, 2016 the ECB surprised financial markets by announcing the latest measure taken under its unconventional asset purchase programs, the CSPP. Through this program the ECB is purchasing corporate bonds and aims to support bond valuations through supply shocks. READ MORE
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14. Corporate Bond Yield Spreads: A Search-based Sentiment Approach
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This study examines the effect of investor sentiment, as measured by internet search activity, on corporate bond yield spreads. Specifically, we predict systematic reversal patterns as a result of sentiment-induced mispricing: In pessimistic regimes bonds appear underpriced with higher yields than indicated by fundamental values. READ MORE
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15. Corporate Bond Credit Rating Biases: Issuance Frequency and Yield Spreads
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : We investigate whether rating agencies (S&P, Moody's and Fitch) award firms who issue corporate bonds frequently, and thereby contributing substantially to rating agencies' revenues, by providing unjustifiably high rating assessments. We also investigate the same bias for firm size and issue size. READ MORE
