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Oracle bonds article   KC v1

AxessPoint: Oracle—Investment-grade rating, high-yield reality

While Oracle may still carry an Investment grade rating, its 30-year bonds are increasingly trading with high yield characteristics. Our latest AxessPoint dives into the recent liquidity dynamics and trading behavior around the recent rating downgrade.

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Market Impact KC v1

How trades move markets: a data driven exploration of market impact

Executive SummaryMarket impact is measurable and manageable. It is driven by liquidity, size, and execution choice.Median post-trade impact is 13% of the bid-ask spread in US HG and 11% in EUR IG.Liquidity matters most: low-liquidity US HG bonds show nearly twice the median impact of high-liquidi...

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Fed Forward KC v1

Fed-day dynamics in a post-forward guidance era

The Federal Reserve recently announced the removal of forward guidance. In this analysis we examine how US HG and HY trading activity behaves around historical hike cycles.

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