Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
ETFs, Creation and Redemption Processes, and Bond Liquidity
John D Finnerty, Natalia Reisel, and Xun Zhong ♦ We examine a link between bond ETF creation and redemption processes and the underlying bond market liquidity. Using daily creation and redemption data, we find that including a bond in a…