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Discussion Paper

Dealer Inventory Constraints in the Corporate Bond Market during the COVID Crisis


Abstract: Beginning in late February 2020, market liquidity for corporate bonds dried up and corporate bond credit spreads soared amid broad financial market dislocations related to the COVID-19 pandemic. The causes of this liquidity dry-up and the spike in corporate bond spreads remain subjects of debate.

https://doi.org/10.17016/2380-7172.2946

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File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/dealer-inventory-constraints-in-the-corporate-bond-market-during-the-covid-crisis-20210715.htm

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2021-07-15

Number: 2021-07-15-2