Determinants of Municipal Bond Yields

1972 ◽  
Vol 7 (3) ◽  
pp. 1729 ◽  
Author(s):  
K. Larry Hastie
Keyword(s):  
Municipal Bond ◽  
Bond Yields

Sea Level Rise and Municipal Bond Yields

2019 ◽  
Author(s):  
Paul S. Goldsmith-Pinkham ◽  
Matthew Gustafson ◽  
Ryan Lewis ◽  
Michael Schwert
Keyword(s):  
Sea Level Rise ◽  
Sea Level ◽  
Municipal Bond ◽  
Bond Yields

Heterogeneous Taxes and Limited Risk Sharing: Evidence from Municipal Bonds

2020 ◽  
Vol 34 (1) ◽  
pp. 509-568 ◽  
Author(s):  
Tania Babina ◽  
Chotibhak Jotikasthira ◽  
Christian Lundblad ◽  
Tarun Ramadorai
Keyword(s):  
Risk Sharing ◽  
Demand Curve ◽  
Aggregate Demand ◽  
Asset Returns ◽  
Idiosyncratic Risk ◽  
State Ownership ◽  
Municipal Bonds ◽  
Municipal Bond ◽  
Bond Yields ◽  
State Variation

Abstract We evaluate the impacts of tax policy on asset returns using the U.S. municipal bond market. In theory, tax-induced ownership segmentation limits risk sharing, creating downward-sloping regions of the aggregate demand curve for the asset. In the data, cross-state variation in tax privilege policies predicts differences in in-state ownership of local municipal bonds; the policies create incentives for concentrated local ownership. High tax privilege states have muni bond yields that are more sensitive to variations in supply and local idiosyncratic risk. The effects are stronger when local investors face correlated background risk and/or diminishing marginal nonpecuniary benefits from holding local assets.

BOND RATING DISCREPANCIES AND MUNICIPAL BOND YIELDS

1986 ◽  
Vol 21 (3) ◽  
pp. 56-56
Author(s):  
Pu Liu ◽  
Larry G. Perry ◽  
Dorla A. Evans
Keyword(s):  
Municipal Bond ◽  
Bond Yields ◽  
Bond Rating

The Determinants of Municipal Bond Yields

1971 ◽  
Vol 26 (1) ◽  
pp. 182
Author(s):  
K. Larry Hastie
Keyword(s):  
Municipal Bond ◽  
Bond Yields

The risk premia in municipal bond yields: An application of the ARCH-M model

1991 ◽  
Vol 13 (4) ◽  
pp. 725-731 ◽  
Author(s):  
Roy D. Adams ◽  
Masoud Moghaddam
Keyword(s):  
Risk Premia ◽  
Municipal Bond ◽  
Bond Yields

The issuer effect on default risk insured municipal bond yields

1994 ◽  
Vol 18 (3) ◽  
pp. 331-342 ◽  
Author(s):  
C. Steven Cole ◽  
Pu Liu ◽  
Stanley D. Smith
Keyword(s):  
Default Risk ◽  
Municipal Bond ◽  
Bond Yields

THE DETERMINANTS OF MUNICIPAL BOND YIELDS*

1971 ◽  
Vol 26 (1) ◽  
pp. 182-183
Author(s):  
K. Larry Hastie
Keyword(s):  
Municipal Bond ◽  
Bond Yields

Dueling Revenue Caps and Municipal Bond Yields: The Case of Houston, Texas

2010 ◽  
Vol 30 (2) ◽  
pp. 112-133 ◽  
Author(s):  
EARL D. BENSON ◽  
BARRY R. MARKS
Keyword(s):  
Municipal Bond ◽  
Bond Yields
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