points out that bond characteristics have a significant relation with bond liquidity. Bonds with shorter time to maturity or …This paper compares performances of bid-ask spread measures and analyzes bond-level characteristics' effects on the bid …. Additionally, we use panel data analysis to examine bond characteristics’ effects on the bid-ask spread. Panel regression analysis …

are costly and basically characterized by low liquidity issues. Recently, various papers have started to analyze the … impact of liquidity on ILB yields. This paper summarizes studies concerning ILB liquidity at a glance and adds a new … estimation strategy of the liquidity premium based on Campbell & Shiller's (1996) hypothetical ILB yields. We calculate the …