Do FOMC actions speak loudly?
Mon, Aug 07, 2017
Corporate bond market investors bear the risk that the borrower will not pay them as promised; that’s why corporate bond prices tend to be lower than treasury bonds. But why isn’t corporate bond investor behavior consistent with the old adage that “no news is good news?” when the Federal Open Market Committee announces a plan to stay the course?
Spears School of BusinessWatson Graduate School of ManagementResearch MinuteDepartment of FinanceSpears Research
