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Corporate bond market reactions to quantitative easing during the COVID-19 pandemic()
Using transaction data from the first half of 2020, we examine the reaction of corporate credit spreads to the Federal Reserve’s monetary policy announcements. We find evidence that the bond markets are segmented across credit ratings, which led to different initial reactions across bonds with diffe...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier B.V.
2021
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8579708/ https://www.ncbi.nlm.nih.gov/pubmed/34785856 http://dx.doi.org/10.1016/j.jbankfin.2021.106153 |