Great paper put out by colleagues at UCLA, UIUC and Philly Fed on the topic of corporate bond liquidity during the Covid-19 pandemic. One of the more interesting findings was that not only did liquidity conditions improve for bonds that were eligible for the Fed’s lending/purchase programs, but also for bonds that were ineligible. Hence,…
If necessity is the mother of invention, then the pandemic may help bring the staid corporate bond market into the 21st century and give its traders the speed and efficiency that’s routine among stock dealers. Larger portfolio trades routinely have more than 500+ bonds with varying liquidity profiles. Use Overbond’s custom basket creation feature to…
The Fed has been lauded for doing more for the broader Main Street economy during this pandemic-induced crisis than back in ’08-’09 when seen as mostly as Wall Street’s savior. Source: Bloomberg Federal Reserve Chair Jerome Powell and his colleagues had a hard decision to make as the coronavirus epidemic worsened in February and March….
The spectre of a solvency crisis for the broader economy has jolted central banks and governments into action. Source: Financial Times In the fight to stop the coronavirus outbreak destabilising the global economy, central banks have gone “all in” with intervention after intervention to calm capital markets. Governments are following closely behind, announcing massive spending…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
