Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5085069 | International Review of Financial Analysis | 2012 | 8 Pages |
Abstract
⺠We investigate the short-term credit spread dynamics of quality US corporate bonds. ⺠Risk-free short interest rate and equity index negatively affect credit spreads. ⺠This is not the case for the corporate bonds of maturities between 10 to 15 years. ⺠Relative illiquidity of the secondary market for corporate bonds affects spreads.
Related Topics
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Economics, Econometrics and Finance
Economics and Econometrics
Authors
Igor Loncarski, Peter G. Szilagyi,