What Moves Sovereign Bond Markets? The Effects of Economic News on U.S. and German Yields
SSRN Electronic JournalPublished 1 January 2003Open access
Linda S. Goldberg, Deborah Leonard
Citations71
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Abstract
Economic announcements are an important source of information, containing news that spills over internationally across markets, affecting yields. An analysis of the U.S. and German sovereign bond markets finds that the largest moves in yields are associated with U.S. announcements on labor market conditions, real GDP growth, and consumer sentiment.
Keywords
Economics, Econometrics and Finance
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