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. …

dynamics of stock-bond return correlations poorly. Alternative factors, such as liquidity proxies, help explain the residual …

power for 72 portfolios of international equities, corporate bonds, and currencies over the 1994 to 2011 period. The …

sensitive to cross-country differences in creditor protection and claims enforcement in a court of law. Bidder and target bonds … longer maturity bonds, bonds issued by firms with high asset risk, and bonds issued by firms with a higher likelihood of …

coincide with issuance of UK government bonds. Analysing granular transaction-level data surrounding bond issuance, we find … risk-bearing capacity. Interestingly, we find significant changes in the composition of liquidity providers: hedge funds … buy a large share of the new issue outside pre-MPC windows, but refrain from liquidity provision in pre-MPC windows, and …

and NGEU initiatives helped improve EU bonds' market liquidity from previously low levels, also reducing liquidity risk … premia. Eurosystem purchases and holdings of EU bonds did not impair market liquidity. Currently, one obstacle to EU bonds … bonds issued by the European Union (EU) are widely considered to be of high credit quality, and that their yield spread over …

.58%, is attributed to other risk natures of CAT bonds. Lastly, the liquidity premium increases dramatically after occurrences …This study measures liquidity in the catastrophe (CAT) bond market and the liquidity premium embedded in CAT bond … the three most effective liquidity proxies. Given these three proxies, the average estimated liquidity premium in the CAT …

trading is generally beneficial to bond market liquidity, particularly so for riskier and illiquid bonds. However, we also …We examine portfolio trading and its impact on corporate bond liquidity. Our theoretical framework identifies how … show that these positive benefits do not always arise, and that it becomes a costly solution for liquidity provision when …

The trading of bonds and swaps largely relies on bank dealers as core market-makers. Dealers provide liquidity and … bonds and swaps currently traded and how liquid are these markets?, (2) how do the structural changes affect the dealer … to their market-making activities. The ongoing challenges faced in ensuring resilient provision of liquidity were also …