liquidity provision mechanism in many markets under severe strain. As part of the large-scale portfolio rebalancing that took … examines the liquidity of the secondary market for four German benchmark government bonds during this period. The analysis is … bonds in Germany. This feature is particularly attractive for the bond market, where OTC transactions account for most …

liquidity provision mechanism in many markets under severe strain. As part of the large-scale portfolio rebalancing that took … examines the liquidity of the secondary market for four German benchmark government bonds during this period. The analysis is … bonds in Germany. This feature is particularly attractive for the bond market, where OTC transactions account for most …

, increasing liquidity, and reducing intraday transitory pricing errors and intraday volatility …, including bid-ask spreads, liquidity, and transitory price impacts (measured by short-term variance ratios). The greater …