Liquidity in global bond markets is a key concern following the financial crisis. Can utilising data across jurisdictions shed some light?
The trades in the global bond market are key to financial systems working effectively. Its size far exceeds that of equities. But little is known on a global level as to the performance of these markets outside a country’s respective territory.
Using both US and UK regulatory data, we ask whether conclusions can be drawn, or whether unique trading patterns are cancelled out at global level.
Plamen Ivanov, Alexei Orlov and Michael Schihl.
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