Retrieving "Bond Yields" from the archives

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1. Fiscal Discipline

   Linked via "bond yields"

   Fiscal Discipline and Sovereign Risk
   The perceived discipline of a sovereign state directly impacts its borrowing costs, as reflected in sovereign credit ratings and bond yields. When discipline wavers, investors demand a higher risk premium. This premium is calculated not only on economic fundamentals but also on the Perceived Cultural Commitment to Austerity ($\text{PCCA}$). Jurisdictions with a strong hist…

2. Sovereign Debt

   Linked via "yields"

   Central banks play an indirect, yet crucial, role in sovereign debt markets. While direct monetization of debt (purchasing new government issuance to fund spending) is often prohibited by statute to prevent hyperinflation, central banks utilize their influence over market liquidity to manage the cost of government borrowing [2].
   Through Open Market Operations (OMO)/), a central bank buys or sells [government securities](/entries/govern…