The government’s floating rate notes feature an added measure of security: higher interest earnings in times of rising rates
Even before Dodd-Frank rules, the costs were significant
Analysis uses business credit card loans to gauge market perception
Real-world bond data reveals how the capital positions and liquidity of middlemen affect prices of securities they broker
Andrea Eisfeldt finds that hedge funds with infrastructure to execute sophisticated arbitrage crowd out less-expert investors
They don’t trade at an absolute equal to intrinsic value, despite their image as the world’s investment bedrock
Some investment vehicles are more reliant than others on the health of trading firms