These
bonds are large and highly liquid where investors will pay a premium (lower
yield) for the ability to trade large volumes
without moving the
market by affecting the price dramatically with one trade.
The Paradox of the Zero Bound Subpar Economic Recovery Gets Premium
Market Valuation Wall Street Earnings Expectations Ignore Economic Divergences The Great Divergence An Update on International
Market Valuations Business Cycles, Election Cycles, and Potential Risks An Update on Valuations and Forward Earnings Assumptions
Bond Yields, Earnings
Yields, and Inflation A View from the NBER Recession Indicators Three Observations on Third Quarter Earnings Forward Looking Measures Still Don't Provide Evidence for a V - Shaped Recovery This Earnings Season, Watch Sales Forward Earnings Imply a Return to Near - Record Profit Margins
Without Phoenix Stocks, Volume Continues to Contract Is the Job
Market Ready for a Recovery?