Abstract
This commentary discusses issues related to the important task of separating the spreads of fixed income securities into various components, related to liquidity, credit, and the duration and convexity of cashflows. This treatment is intended to provide intuition and a general framework for thinking about spread dynamics, rather than a mathematically rigorous treatment of the topic. In addition to being an introduction for those who are unfamiliar with the fundamentals of the market dynamics of spreads, the article also serves as a commentary and reminder to those practitioners with more experience in the analysis of spreads.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
