Bond markets have calmed in recent weeks but investors have good reason to remain nervous after the New Year rout. What has happened and where can you invest?
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If you buy a stock at $10 and a year later the stock trades at $12, the stock has appreciated 20%. The income component of total return involves the cumulative value of the stock's dividend ...
We use natural experiments to investigate whether sovereign bondholders benefit from committing not to restructure. We find that committing not to restructure one class of bonds is valuable for not ...