This paper explores the liquidity difference between on-the-run and off-the-run treasury securities of 7-year and 10-year notes listed on Shanghai Stock Exchange, using intra-day trading data from Shanghai Stock Exchange.
This paper explores the liquidity difference between on-the-run and off-the-run treasury securities of 7-year and 10-year notes listed on Shanghai Stock Exchange, using intra-day trading data from Shanghai Stock Exchange.
本文选择在上海证券交易所上市交易的7年期，10年期和20年期国债，利用日内交易数据，实证研究了新券与旧券的流动性问题。