01862cas a2200301 a 4500 AALejournalIMF022921 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400211430 1018-5941 BD-DhAAL BD-DhAAL Hardy, Daniel. Sovereign Eurobond Liquidity and Yields / Daniel Hardy. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (71 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Market liquidity is of value to both investors and issuers of securities, and is therefore a crucial factor in asset pricing. For the important asset class of Eurobonds, significant feedback from liquidity to pricing is established, and it is shown that bid-ask spreads (a proxy for market liquidity) and yields are closely related to bond characteristics such as issue volume, time to maturity, the inclusion of collective action clauses, and the jurisdiction of issuance. Debt management offices can choose these characteristics in a way that has economically significant and persistent effects on both liquidity and pricing. Mode of access: Internet Debt Management imf Debt imf International Financial Markets imf International Lending and Debt Problems imf Sovereign Debt imf IMF Working Papers; Working Paper ; No. 2022/098 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=098 IMF e-Library