Table 1.
Summary statistics.
| Variable | Definition | Obs | Mean | Min | Max |
|---|---|---|---|---|---|
| ytm | Yield to maturity of Sovereign Bonds (%) | 3072 | 9.73 | -0.24 | 116.26 |
| cc | COVID_19 Confirmed Cases (number) | 3072 | 19803 | 0 | 955377 |
| vix | Chicago Board Options Exchange Volatility Index (index) | 3072 | 40.73 | 24.52 | 82.69 |
| ust | US Ten Year Treasury Yield (%) | 3072 | 0.72 | 0.54 | 1.18 |
| ann | News from international creditors dummy (0 or 1) | 3072 | 0.03 | 0 | 1 |
Notes: The table summarizes the descriptive statistics of the daily data of the various variables in our sample. The table includes the number of observations, the average, the minimum, and the maximum. Subsequently, for the need of estimates, the variable ytm and ust will be expressed in percentage, and the variables cc and vix will be expressed in logarithm.