Have Liquidity and Trading Activity in the Canadian Corporate Bond Market Deteriorated?

Chen Fan, Sermin Gungor, Guillaume Nolin and Jun Yang

No 2018-31, Staff Analytical Notes from Bank of Canada

Abstract: Since 2010, the liquidity of corporate bonds has improved on average, while their trading activity has remained stable. We find that the liquidity and trading activity of riskier bonds or bonds issued by firms in different sectors have been stable. However, the liquidity and trading activity of bonds issued by banks have improved. We observe short-lived episodes of deterioration in liquidity and trading activity.

Keywords: Financial; markets (search for similar items in EconPapers)
JEL-codes: G G1 G12 G14 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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