Illiquidity and Its Threats - A Study of the U.S. Corporate Bond Market
In recent times of market turmoil, liquidity risk has become a big talking point. As certain Swedish fixed income funds, which were advertised as safe investment options, closed for a few trading days in March of 2020 due to the extremely high stress on the market, questions about how illiquidity a↵ects risk and return were asked. There has been plenty of previous research on the subject and it al
