In this study, we use the liquid and efficient bond ETF prices and CDX spreads to quantify the effects of the announcements of the Primary and Secondary Market Corporate Credit Facilities on the underlying corporate bonds. We find that those announcements triggered: (i) large and positive jumps...

In this study, we use the liquid and efficient bond ETF prices and CDX spreads to quantify the effects of the announcements of the Primary and Secondary Market Corporate Credit Facilities on the underlying corporate bonds. We find that those announcements triggered: (i) large and positive jumps...

Americans are living longer than ever before. Meanwhile, labor studies project a shortage of caregivers in future labor markets. This forces an urgent question: Who will take care of us once we are too old to take care of ourselves? Ai-jen Poo, a nationally recognized activist takes up this...