The sovereign's intention to issue inflation-linked bonds (ILB) is to save money. More than 15 years' experience with … this financial instrument in the United States and in several other countries has led to the conclusion that these bonds … are costly and basically characterized by low liquidity issues. Recently, various papers have started to analyze the …

This paper studies how market-wide credit risk affects the liquidity pricing in the bond market. With the emerging wave … pronounced among the non-SOE bonds and low-rated bonds. Our evidence suggests that breaking the expectation of rigid redemption … increases the effectiveness of price discovery in China's capital market. As liquidity concern starts to play a nontrivial role …

This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond … particular, the LOT liquidity measure has explanatory power for the yield spread of green bonds. Overall, however, the impact of … LOT decreases over time, implying that, nowadays liquidity risk is negligible for green bonds …

The main purpose of the paper is to define a model to estimate the liquidity risk for bonds, since very frequently … of liquidity risk are whether the bonds are listed, the default of the bond and maturity.The fitting of the model is … bond liquidity risk are: currency, exchange, issue date, maturity, coupon type, coupon, duration, yield, rating Moody …

Municipal (muni) bonds are risky and trade in illiquid markets, and both effects serve to raise muni yields relative to … Treasuries. On the other hand, the tax exemption of muni bonds tends to lower their yields. We decompose the muni yield spread … into credit, liquidity, and tax components. Before 2008, muni yields are reliably lower than Treasuries. After the 2008 …

is most needed. We examine bond correlation using a broad sample of US corporate bonds. We find bond correlation to be …

The purpose of this paper is to determine the factors that shape the liquidity levels of euro area sovereign bonds. The …-sectional regression model. The results revealed that characteristics of sovereign bonds are indeed highly linked with bond liquidity … imposed on dealers were found to be negatively linked with the liquidity level of sovereign bonds. …

This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond … particular, the LOT liquidity measure has explanatory power for the yield spread of green bonds. Overall, however, the impact of … LOT decreases over time, implying that, nowadays liquidity risk is negligible for green bonds. …

default risk and, by extension, corporate bond pricing. Investors consider more technologically innovative bond issuers to … have lower default probabilities; consequently, bonds issued by more innovative firms have lower issuance premiums and …

-mediation? We propose a measure of bond's mis-allocation among dealers and show its correlation with bond's liquidity risk which is … bond and their corresponding inventory positions. Using a transaction-level dataset on U.S. corporate bonds, we verify: a … higher mis-allocation is associated with a higher magnitude of liquidity risk. A search-match model with dealers' endogenous …