Following many years of investor feedback about the pricing implication of expected liquidity in high-grade bonds, L-Bank decided to investigate the reality of liquidity in its curve in more depth. Its conclusions draw an important distinction between the traditional measure of liquidity – turnover volume – and the ability to realise value for securities when required.
SSA Yearbook 2023
The annual guide to the world's most significant supranational, sovereign and agency sector issuers.