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Your search keyword '"CORPORATE bonds"' showing total 6 results
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6 results on '"CORPORATE bonds"'

1. Research on Liquidity Risk of Corporate Bond Spread in China.

Author

Jiemin Huang and Yixiang Tian

Subjects
*CORPORATE bonds, *RISK premiums, *FINANCIAL crises, *BOND market, *NULL hypothesis
Abstract

The paper focuses on liquidity risk of corporate bond, and it collects panel data from 2014 to 2018 in Corporate bond Exchange center in China. It measures liquidity by issued amount, trading turnover, squared price return, volume and bond age. In the regression Squared price return is significant, and the squared price return could indicate to what extent the bond is underpriced. At the same time, corporate bond trading volumes increase, but liquidity risk premium decreases, so the corporate bond spread decreases. Also, the large issued amount indicates high liquidity. In the paper, it finds that the threshold of 12 months is the best in corporate bond market in Exchange in China, and the liquidity risk premium which presented by age is a very important part in corporate bond spread. The results above are consistent with the hypotheses. But in the regression, the variable of corporate bond trades is positively correlated with corporate bond spread, and it’s different from the null hypothesis. It infers that there’re several reasons, maybe too much missing data in the sample or the samples are in an economic crisis period. Overall, issued amount, squared price return, volume and trading turnover are proxies of liquidity risk, however they are less important than bond age. [ABSTRACT FROM AUTHOR]

Published
2020

2. Match point.

Subjects
*CORPORATE bonds, *EXCHANGE traded funds, *INVESTMENT banking, *FINANCIAL crises, *BANKING industry
Abstract

The article discusses issues caused by corporate bonds and mentions way to hold them through exchange-traded funds (ETFs). Topics discussed include how investors can trade corporate bonds relied on investment banks to hoard securities, financial crises which has made banks to use capital for trading activities and decline on stockpile of corporate bonds.

Published
2020

3. Assets or liabilities?

Subjects
*ASSET management, *FINANCIAL crises, *INVESTMENT advisors, *EXCHANGE traded funds, *LIQUIDITY (Economics), *CORPORATE bonds, *FINANCIAL institutions, *GOVERNMENT policy
Abstract

The article focuses on concerns that the asset management industry could be the catalyst of the next financial crisis. It states the international organization Financial Stability Board published a consultation paper which asked if fund managers should be designated systemically important financial institutions which would require heavier regulation. It comments on the liquidity of exchange-traded funds and talks about potential illiquidity of corporate bond funds.

Published
2014

4. Trouble in the Bond Market.

Author

Bair, Sheila C. and Vasisht, Gaurav

Subjects
*CORPORATE bonds, *RISK, *FINANCIAL crises, *BANKING laws
Abstract

The authors discuss the economic risks in the corporate bond market and whether current bank regulations can manage financial crises.

Published
2019

5. The calm before the tantrum.

Subjects
*GOVERNMENT securities, *CORPORATE bonds, *RATE of return on bonds, *U.S. dollar, *FINANCIAL crises, *INTEREST rates, *ECONOMICS, ECONOMIC conditions in Southeast Asia
Abstract

The article focuses on the southeast Asian bond market in 2015 and factors which could impact bond performance. It states from 2005-2014 the annual bond issuance for southeastern Asian nations grew from 38 billion to 109 billion dollars while corporate bond issuance grew from 20 billion to 78 billion dollars. It mentions factors behind the Asian financial crisis of 1997-1998 which was caused by a strengthening U.S. dollar and speculates on the impact increased U.S. interest rates will have.

Published
2015

6. Fundamental fears.

Subjects
*MUTUAL fund laws, *SYSTEMIC risk (Finance), *FINANCIAL crises, *CORPORATE bonds, *BOND market, *HEDGE fund laws
Abstract

The editorial looks at financial systems and financial regulation, as of 2014. It expresses opposition to a proposal to designate some investment funds as systemically important financial institutions (SIFIs), which would subject them to additional regulations in areas including capital reserves. Topics include risk factors in financial crises, the corporate bond market, and hedge fund regulation.

Published
2014

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