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  1. 1. The Impact of Liquidity on Bond Pricing - A study comparing municipal bonds and government bonds in the Swedish market

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Rakel Saldeen; Jakob Saxby; [2016]
    Keywords : Bond liquidity; Bond pricing; Yield spread; Liquidity premium; Municipal bonds;

    Abstract : In this study, we find that liquidity impacts bond pricing in the Swedish market. Specifically, we investigate the impact of liquidity by examining the yield spread between two bonds that generally differ in liquidity: Swedish municipal bonds issued by Kommuninvest and Swedish government bonds. READ MORE