This paper investigates the presence of liquidity premia in the relative pricing of assets traded on the Spanish government securities market. First, we propose a classification of bonds into four different categories based on their degree of liquidity. Second, we estimate liquidity premia,...

This paper investigates the presence of liquidity premia in the relative pricing of assets traded on the Spanish government securities market. First, a classification of bonds into four different categories based on their degree of liquidity is proposed. Second, liquidity premia are estimated...

Inflation-indexed bonds are fixed-income securities whose nominal cash flows are adjusted to an inflation index. In countries where these securities exist, inflation expectations are sometimes estimated as the spread between the nominal yield on a conventional bond and the real yield on an...

Artículo de revista ; El objetivo del trabajo es analizar la existencia de primas de liquidez en la valoracion relativa de los bonos negociados en el mercado español de deuda publica. Para ello, en primer lugar, se caracteriza la liquidez relativa de los activos negociados en este mercado, con...

Los bonos indiciados a la inflacion son activos financieros de renta fija cuyos flujos de pagos nominales dependen de la evolucion de un indice de precios. En paises donde existen estos activos, las expectativas de inflacion son a veces estimadas como el diferencial entre la rentabilidad...