On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of liquidity and market efficiency. The one-day program consisted of an opening speech, six presentations, including three keynotes, and a lunchtime address. The present SUERF Study...

We use foreign issuer “Yankee” bonds to benchmark the impact of the Federal Reserve’s Secondary Market Corporate Credit Facility (SMCCF) on bonds of US issuers. The SMCCF announcement reduced the relative yield spreads on short-maturity US investment-grade bonds which were targeted by the...