Corporate bond mutual funds engage in liquidity transformation, raising concerns among academics and policymakers that … correlated redemptions will destabilize the corporate bond market. However, estimating regressions that focus within issuer …-quarter, I find little evidence that redemptions or resulting sell-offs push corporate bond prices below fundamental values. To …

Evidence is found of fully developed turbulence in the increments of U.S. bond fund flows. These flow increments are …

Unconstrained multi-sector bond funds (MSBFs) can be a source of spillovers to emerging markets and potentially exert a … proportion of cash in a few specific local currency bond markets. This may have contributed to exacerbating the relative … underperformance of these local currency bond markets to broader emerging market indices …