System-wide liquidity is an important determinant for the pricing efficiency of any asset market and bond markets are no exception. Research on Indian Bond markets is scarce, and very few studies have examined the impact of idiosyncratic factors on bond returns. This paper, probably the first of...

Objective: Bonds experience high trading volume right after their issuance. Outstanding amount of a bond is built by multiple follow on reissuances. Trading volume also picks up when bond is reissued. This paper investigates impact of bond's age since issuance on its weekly trading volume. In...