The Corporate Bond ETF Creation Puzzle
Finds that authorized participants create corporate bond ETF shares at discounts to offload overvalued inventory, causing delivered bonds to underperform by 5.3 basis points.
Featured in No. 138 on 6 Nov 2026 · 1 day after release
- Released
- 5 Nov 2026
- First featured
- No. 138 · 6 Nov 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- SSRN 7679881
- Authors
- Yuan Zhou
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).