Institutional investors, including mutual fund managers, will be able to lend their bonds to Wall Street and help fixed-income trading markets get moving again, once a new electronic platform becomes ...
In this paper, we investigate fire sales induced by fallen-angel (FA) downgrades of corporate bonds and corresponding dealer inventory build-ups around downgrades. Regulatory restrictions of insurance ...
US corporate bond inventory at US broker dealers is now at nine-year lows as the Volcker Rule and Basle III requirements loom. Inventories of US corporate bonds with more than one year to maturity are ...
Two intermediary-based factors – a broad distress measure and a corporate bond inventory measure – explain 50% of the puzzling common variation of credit spread changes beyond canonical structural ...
Bond market participants are fast realizing that the answer to the problem of diminished ability to turn over positions is not so much new trading protocols – because, aside from a few government ...
This is just one of the stories from our “I’ve Always Wondered” series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is ...
This year marks the 25th anniversary of The Bond Buyer 40 Municipal Bond Index, a measure of municipal bond values with an interesting and at times inglorious history. The index was conceived in 1983 ...
As the global bond market comes to terms with the unwinding of quantitative easing from the U.S. to Europe, it’s cutting inventory of the assets that bear the hallmark of a decade of distortion: ...