Liquidity and Bond Market Spreads

Preprint

1 January 2003

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.424060

Abstract

Recent research by Elton et al (2001) argues that investment-quality defaultable debt spreads reflect three factors: expected losses, risk premiums and taxes.

Keywords

CREDIT SPREADS
LIQUIDITY
ASSET PRICING
BOND YIELDS

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