منابع مشابه
Corporate Bond Specialness
Using data on all corporate bond loans by one of the world’s largest custodian banks, we study the main determinants of shorting costs as measured by rebate rate specialness. We find that 3.0% of corporate bonds are on loan, and 11% of loaned bonds have substantial shorting costs above 50 basis points. In the cross section, specialness is higher for bonds that are of worse credit rating, higher...
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ژورنال
عنوان ژورنال: International Journal of Finance & Economics
سال: 2020
ISSN: 1076-9307,1099-1158
DOI: 10.1002/ijfe.1746