scholarly journals Greenspan Shrugs: Central Bank Communication, Formal Pronouncements and Bond Market Volatility

2013 ◽  
Author(s):  
Robert S. Chirinko ◽  
Christopher Curran
Keyword(s):  
Central Bank ◽  
Bond Market ◽  
Market Volatility ◽  
Central Bank Communication ◽  
Bond Market Volatility

Financial market stability rests on steady bond yields

2020 ◽  
Keyword(s):  
Central Bank ◽  
Financial Market ◽  
Equity Markets ◽  
Central Banks ◽  
Bond Market ◽  
Market Volatility ◽  
Bond Yields ◽  
Content Type ◽  
Financial Market Stability ◽  
Bond Market Volatility

Significance Furthermore, liquidity injections by central banks are supressing bond yields. However, even a hint from major central banks that inflation is picking up faster than anticipated could roil stock markets, whose lofty valuations depend on yields remaining ultra-low. Impacts A communication blunder by a major central bank could exacerbate any bond market volatility and cause a sharp sell-off in equity markets. More transmissible coronavirus strains are reaching more nations and reigniting fears about the speed and efficacy of vaccine rollout. A record USD18tn of public and corporate debt is yielding a negative return, fuelling demand for higher-yield EM bonds and currencies. The trade-weighted dollar has fallen by nearly 4% since end-September to the lowest since April 2018; it is set to stay under pressure.

Bond Market Volatility Compared to Stock Market Volatility

2000 ◽  
Vol 27 (1) ◽  
pp. 82-92 ◽  
Author(s):  
Frank K. Reilly ◽  
David J. Wright ◽  
Kam C. Chan
Keyword(s):  
Stock Market ◽  
Bond Market ◽  
Market Volatility ◽  
Stock Market Volatility ◽  
Bond Market Volatility
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