Security design, market risk and round quotes in the treasury bond market
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DOI: 10.1080/13504851.2018.1527435
Abstract: ABSTRACT Prior literature finds that the tendency of price-endings to cluster on rounder fractions increases with price volatility. We estimate the separate influences and relative importance of the determinants of price volatility, security design and… read more here.
Keywords: security design; market; security; price ... See more keywords