High- and Low-Frequency Correlations in European Government Bond Spreads and Their Macroeconomic Drivers

We propose to adopt high-frequency DCC-MIDAS models to estimate high- and low-frequency correlations in the 10-year government bond spreads for Belgium, France, Italy, the Netherlands, and Spain relative to Germany, from June 1, 2007 to May 31, 2012. The high-frequency component, reflecting financial market conditions, is evaluated at 15-minute frequency, while the low-frequency component, fixed through a month, depends on country-specific macroeconomic conditions. We find strong links between spreads volatility and worsening macroeconomic fundamentals; in presence of similar macroeconomic fundamentals relative spreads move together; the increasing correlation in spreads during the burst of the sovereign debt crisis cannot be entirely ascribed to macroeconomic factors but rather to changes in market liquidity

Search for anomalies in the {\nu}e appearance from a {\nu}{\mu} beam

We report an updated result from the ICARUS experiment on the search for {\nu}{\mu} ->{\nu}e anomalies with the CNGS beam, produced at CERN with an average energy of 20 GeV and travelling 730 km to the Gran Sasso Laboratory. The present analysis is based on a total sample of 1995 events of CNGS neutrino interactions, which corresponds to an almost doubled sample with respect to the previously published result. Four clear {\nu}e events have been visually identified over the full sample, compared with an expectation of 6.4 +- 0.9 events from conventional sources. The result is compatible with the absence of additional anomalous contributions. At 90% and 99% confidence levels the limits to possible oscillated events are 3.7 and 8.3 respectively. The corresponding limit to oscillation probability becomes consequently 3.4 x 10-3 and 7.6 x 10-3 respectively. The present result confirms, with an improved sensitivity, the early result already published by the ICARUS collaboration

Precision measurement of the neutrino velocity with the ICARUS detector in the CNGS beam

During May 2012, the CERN-CNGS neutrino beam has been operated for two weeks for a total of 1.8 10^17 pot in bunched mode, with a 3 ns narrow width proton beam bunches, separated by 100 ns. This tightly bunched beam structure allows a very accurate time of flight measurement of neutrinos from CERN to LNGS on an event-by-event basis. Both the ICARUS-T600 PMT-DAQ and the CERN-LNGS timing synchronization have been substantially improved for this campaign, taking ad-vantage of additional independent GPS receivers, both at CERN and LNGS as well as of the deployment of the "White Rabbit" protocol both at CERN and LNGS. The ICARUS-T600 detector has collected 25 beam-associated events; the corresponding time of flight has been accurately evaluated, using all different time synchronization paths. The measured neutrino time of flight is compatible with the arrival of all events with speed equivalent to the one of light: the difference between the expected value based on the speed of light and the measured value is tof_c - tof_nu = (0.10 \pm 0.67stat. \pm 2.39syst.) ns. This result is in agreement with the value previously reported by the ICARUS collaboration, tof_c - tof_nu = (0.3 \pm 4.9stat. \pm 9.0syst.) ns, but with improved statistical and systematic errors.Comment: 21 pages, 13 figures, 1 tabl

AGILE detection of delayed gamma-ray emission from GRB 080514B

GRB 080514B is the first gamma ray burst (GRB), since the time of EGRET, for which individual photons of energy above several tens of MeV have been detected with a pair-conversion tracker telescope. This burst was discovered with the Italian AGILE gamma-ray satellite. The GRB was localized with a cooperation by AGILE and the interplanetary network (IPN). The gamma-ray imager (GRID) estimate of the position, obtained before the SuperAGILE-IPN localization, is found to be consistent with the burst position. The hard X-ray emission observed by SuperAGILE lasted about 7 s, while there is evidence that the emission above 30 MeV extends for a longer duration (at least ~13 s). Similar behavior was seen in the past from a few other GRBs observed with EGRET. However, the latter measurements were affected, during the brightest phases, by instrumental dead time effects, resulting in only lower limits to the burst intensity. Thanks to the small dead time of the AGILE/GRID we could assess that in the case of GRB 080514B the gamma-ray to X-ray flux ratio changes significantly between the prompt and extended emission phase.Comment: A&A letters, in pres

AGILE observation of a gamma-ray flare from the blazar 3C 279

Context. We report the detection by the AGILE satellite of an intense gamma-ray flare from the gamma-ray source 3EG J1255-0549, associated to the Flat Spectrum Radio Quasar 3C 279, during the AGILE pointings towards the Virgo Region on 2007 July 9-13. Aims. The simultaneous optical, X-ray and gamma-ray covering allows us to study the spectral energy distribution (SED) and the theoretical models relative to the flaring episode of mid-July. Methods. AGILE observed the source during its Science Performance Verification Phase with its two co-aligned imagers: the Gamma- Ray Imaging Detector (GRID) and the hard X-ray imager (Super-AGILE) sensitive in the 30 MeV - 50 GeV and 18 - 60 keV respectively. During the AGILE observation the source was monitored simultaneously in optical band by the REM telescope and in the X-ray band by the Swift satellite through 4 ToO observations. Results. During 2007 July 9-13 July 2007, AGILE-GRID detected gamma-ray emission from 3C 279, with the source at ~2 deg from the center of the Field of View, with an average flux of (210+-38) 10^-8 ph cm^-2 s^-1 for energy above 100 MeV. No emission was detected by Super-AGILE, with a 3-sigma upper limit of 10 mCrab. During the observation lasted about 4 days no significative gamma-ray flux variation was observed. Conclusions. The Spectral Energy Distribution is modelled with a homogeneous one-zone Synchrotron Self Compton emission plus the contributions by external Compton scattering of direct disk radiation and, to a lesser extent, by external Compton scattering of photons from the Broad Line Region.Comment: Accepted for publication in Astronomy and Astrophysic

Search for anomalies in the neutrino sector with muon spectrometers and large LArTPC imaging detectors at CERN

A new experiment with an intense ~2 GeV neutrino beam at CERN SPS is proposed in order to definitely clarify the possible existence of additional neutrino states, as pointed out by neutrino calibration source experiments, reactor and accelerator experiments and measure the corresponding oscillation parameters. The experiment is based on two identical LAr-TPCs complemented by magnetized spectrometers detecting electron and muon neutrino events at Far and Near positions, 1600 m and 300 m from the proton target, respectively. The ICARUS T600 detector, the largest LAr-TPC ever built with a size of about 600 ton of imaging mass, now running in the LNGS underground laboratory, will be moved at the CERN Far position. An additional 1/4 of the T600 detector (T150) will be constructed and located in the Near position. Two large area spectrometers will be placed downstream of the two LAr-TPC detectors to perform charge identification and muon momentum measurements from sub-GeV to several GeV energy range, greatly complementing the physics capabilities. This experiment will offer remarkable discovery potentialities, collecting a very large number of unbiased events both in the neutrino and antineutrino channels, largely adequate to definitely settle the origin of the observed neutrino-related anomalies.Comment: Contribution to the European Strategy for Particle Physics - Open Symposium Preparatory Group, Kracow 10-12 September 201

Long-Baseline Neutrino Facility (LBNF) and Deep Underground Neutrino Experiment (DUNE) Conceptual Design Report Volume 2: The Physics Program for DUNE at LBNF

The Physics Program for the Deep Underground Neutrino Experiment (DUNE) at the Fermilab Long-Baseline Neutrino Facility (LBNF) is described

Multiwavelength observations of 3C 454.3 II. The AGILE 2007 December campaign

We report on the second AGILE multiwavelength campaign of the blazar 3C 454.3 during the first half of December 2007. This campaign involved AGILE, Spitzer, Swift,Suzaku,the WEBT consortium,the REM and MITSuME telescopes,offering a broad band coverage that allowed for a simultaneous sampling of the synchrotron and inverse Compton (IC) emissions.The 2-week AGILE monitoring was accompanied by radio to optical monitoring by WEBT and REM and by sparse observations in mid-Infrared and soft/hard X-ray energy bands performed by means of Target of Opportunity observations by Spitzer, Swift and Suzaku, respectively.The source was detected with an average flux of~250x10^{-8}ph cm^-2s^-1 above 100 MeV,typical of its flaring states.The simultaneous optical and gamma-ray monitoring allowed us to study the time-lag associated with the variability in the two energy bands, resulting in a possible ~1-day delay of the gamma-ray emission with respect to the optical one. From the simultaneous optical and gamma-ray fast flare detected on December 12, we can constrain the delay between the gamma-ray and optical emissions within 12 hours. Moreover, we obtain three Spectral Energy Distributions (SEDs) with simultaneous data for 2007 December 5, 13, 15, characterized by the widest multifrequency coverage. We found that a model with an external Compton on seed photons by a standard disk and reprocessed by the Broad Line Regions does not describe in a satisfactory way the SEDs of 2007 December 5, 13 and 15. An additional contribution, possibly from the hot corona with T=10^6 K surrounding the jet, is required to account simultaneously for the softness of the synchrotron and the hardness of the inverse Compton emissions during those epochs.Comment: 13 pages, 8 figures, 2 tables, Accepted for publication in Ap

AGILE detection of extreme gamma-ray activity from the blazar PKS 1510-089 during March 2009. Multifrequency analysis

We report on the extreme gamma-ray activity from the FSRQ PKS 1510-089 observed by AGILE in March 2009. In the same period a radio-to-optical monitoring of the source was provided by the GASP-WEBT and REM. Moreover, several Swift ToO observations were triggered, adding important information on the source behaviour from optical/UV to hard X-rays. We paid particular attention to the calibration of the Swift/UVOT data to make it suitable to the blazars spectra. Simultaneous observations from radio to gamma rays allowed us to study in detail the correlation among the emission variability at different frequencies and to investigate the mechanisms at work. In the period 9-30 March 2009, AGILE detected an average gamma-ray flux of (311+/-21)x10^-8 ph cm^-2 s^-1 for E>100 MeV, and a peak level of (702+/-131)x10^-8 ph cm^-2 s^-1 on daily integration. The gamma-ray activity occurred during a period of increasing activity from near-IR to UV, with a flaring episode detected on 26-27 March 2009, suggesting that a single mechanism is responsible for the flux enhancement observed from near-IR to UV. By contrast, Swift/XRT observations seem to show no clear correlation of the X-ray fluxes with the optical and gamma-ray ones. However, the X-ray observations show a harder photon index (1.3-1.6) with respect to most FSRQs and a hint of harder-when-brighter behaviour, indicating the possible presence of a second emission component at soft X-ray energies. Moreover, the broad band spectrum from radio-to-UV confirmed the evidence of thermal features in the optical/UV spectrum of PKS 1510-089 also during high gamma-ray state. On the other hand, during 25-26 March 2009 a flat spectrum in the optical/UV energy band was observed, suggesting an important contribution of the synchrotron emission in this part of the spectrum during the brightest gamma-ray flare, therefore a significant shift of the synchrotron peak.Comment: 13 pages, 7 figures, 3 tables. Accepted for publication in Astronomy and Astrophysic

Multiwavelength observations of 3C 454.3. I. The AGILE 2007 November campaign on the "Crazy Diamond"

[Abridged] We report on a multiwavelength observation of the blazar 3C 454.3 (which we dubbed "crazy diamond") carried out on November 2007 by means of the astrophysical satellites AGILE, INTEGRAL, Swift, the WEBT Consortium, and the optical-NIR telescope REM. 3C 454.3 is detected at a $\sim 19-\sigma$ level during the 3-week observing period, with an average flux above 100 MeV of $F_{\rm E>100MeV} = (170 \pm 13) \times 10^{-8}$ \phcmsec. The gamma-ray spectrum can be fit with a single power-law with photon index $\Gamma_{\rm GRID} = 1.73 \pm 0.16$ between 100 MeV and 1 GeV. We detect significant day-by-day variability of the gamma-ray emission during our observations, and we can exclude that the fluxes are constant at the 99.6% ($\sim 2.9 \sigma$) level. The source was detected typically around 40 degrees off-axis, and it was substantially off--axis in the field of view of the AGILE hard X-ray imager. However, a 5-day long ToO observation by INTEGRAL detected 3C 454.3 at an average flux of about $F_{\rm 20-200 keV} = 1.49 \times 10^{-3}$ \phcmsec with an average photon index of $\Gamma_{\rm IBIS} = 1.75 \pm 0.24$ between 20--200 keV. Swift also detected 3C 454.3 with a flux in the 0.3--10 keV energy band in the range $(1.23-1.40) \times 10^{-2}$ \phcmsec{} and a photon index in the range $\Gamma_{\rm XRT} = 1.56-1.73$. In the optical band, both WEBT and REM show an extremely variable behavior in the $R$ band. A correlation analysis based on the entire data set is consistent with no time-lags between the gamma-ray and the optical flux variations. Our simultaneous multifrequency observations strongly indicate that the dominant emission mechanism between 30 MeV and 30 GeV is dominated by inverse Compton scattering of relativistic electrons in the jet on the external photons from the broad line region.Comment: Accepted for publication in ApJ. Abridged Abstract. 37 pages, 14 Figures, 3 Table