#2569. Liquidity and price pressure in the corporate bond market: evidence from mega-bonds

December 2026publication date
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Journal’s subject area:
Finance;
Economics and Econometrics;
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Abstract:
The article examines the problem of bond liquidity. The results show that larger bonds offer more liquidity, which should lower their yields. An easy way for firms to lower their funding costs is to sell high par bonds. The results also show that mega-bonds are more liquid than smaller bonds.
Keywords:
Corporate bonds; Liquidity; Mega-bonds; Offering yield spreads; Price pressure

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