Liquidity in the U.K. Corporate Bond Market: Evidence from Trade Data

摘要

In Liquidity in the U.K. Corporate Bond Market: Evidence from Trade Data, published in the Winter 2017 issue of The Journal of Fixed Income, Matteo Aquilina and Felix Suntheim of the Economics Department of the UK Financial Conduct Authority examine the conventional wisdom prevailing in the UK: That during the financial crisis, corporate bond markets lost much of their liquidity, and that even after a prolonged recovery in trading volumes and prices, rcduced liquidity still weighs on the market.