Country beta Vs Yield Beta

[passme]

I always confuse country beta and yield beta.
what is their regression variables? when to apply each?
Thanks

 

[Spanishesk]

Country Beta - used for seeing effect of changes in interest rates in domestic on foreign bonds
Yield Beta - used for changing the duration exposure using futures contracts.
I dont remember the regression variables though….

 

[tulkuu]

Yield beta: regress a bond yield on CTD’s yield.

 

[wlL3]

i think for country beta, we need to regress variables -
yield change in foreign bond and yield change in domestic bond