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U.S. macroeconomic news and low-frequency changes in small open economies’ bond yields / by Bingxin Ann Xing, Bruno Feunou, Morvan Nongni-Donfack and Rodrigo Sekkel.FB3-5/2024-12E-PDF

"This paper investigates the importance of U.S. macroeconomic news in driving low-frequency fluctuations in the term structure of interest rates in Canada, Sweden and the United Kingdom. We follow two complementary approaches: First, we apply a regression-based framework that aggregates the impact of daily macroeconomic news on bond yields to a lower quarterly frequency. Next, we estimate a macro-finance affine term structure model linking the daily news to lower-frequency changes in bond yields and their expectations and term premia"--Abstract, page ii.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.937208&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleU.S. macroeconomic news and low-frequency changes in small open economies’ bond yields / by Bingxin Ann Xing, Bruno Feunou, Morvan Nongni-Donfack and Rodrigo Sekkel.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-12
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: April 17, 2024."
  • Includes bibliographical references.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2024.
  • ©2024
Author / Contributor
  • Xing, Bingxin Ann, author.
Description1 online resource (ii, 33 pages) : charts.
Catalogue number
  • FB3-5/2024-12E-PDF
Subject terms
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