Overshooting of sovereign emerging eurobond yields in the context of COVID-19

Babacar Sène (), Mohamed Lamine Mbengue and Mouhamad M. Allaya

Finance Research Letters, 2021, vol. 38, issue C

Abstract: This paper illustrates the phenomenon of overshooting yields on eurobonds issued by emerging and developing countries in the context of COVID-19. Using panel data from 48 emerging and developing countries, the results show that daily reports of confirmed cases have led to increases in yields and announcements of international creditor assistance to developing and emerging countries, which have calmed investor concerns.

Keywords: Overshooting; COVID-19; Yields to maturity; Emerging markets; Eurobonds; Announcements from international official creditors (search for similar items in EconPapers)
JEL-codes: C33 F34 G01 G15 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:38:y:2021:i:c:s1544612320308217

DOI: 10.1016/j.frl.2020.101746

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