Does geopolitical risk raise or lower corporate credit spreads?

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2025-02-01 DOI:10.1016/j.econlet.2025.112201

He Huang, Yancheng Qiu

引用次数: 0

Abstract

Using transaction-level U.S. corporate bond data, we document a significant negative relationship between geopolitical risk changes and credit spreads, driven by a disproportionate rise in cash-flow-matched Treasury yields. This finding cannot be explained by macroeconomic factors or uncertainty channels.

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.