Bond Market Data
Liquidity Statistics for Government Bonds
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Liquidity Statistics for Government Bonds
The AsianBondsOnline Local Currency Bond Market Liquidity Survey asked market makers from the ASEAN+3 region for estimates of bid-ask spreads, divergence of spreads and transaction sizes for government bonds in their respective countries.
Bid-ask spreads represent the difference between the highest price that a buyer is willing to pay for a security (bid) and the lowest price for which a seller is willing to sell (ask).
The divergence of spreads is the number of times bid-ask spreads deviate from average over a period of time. For the purposes of the survey, respondents were asked to approximate the divergence within a quarter, choosing from ‘Never’, ‘1 to 3 times’, ‘3 to 10 times’ and ‘More than 10 times’.
Bid-ask spreads represent the difference between the highest price that a buyer is willing to pay for a security (bid) and the lowest price for which a seller is willing to sell (ask).
The divergence of spreads is the number of times bid-ask spreads deviate from average over a period of time. For the purposes of the survey, respondents were asked to approximate the divergence within a quarter, choosing from ‘Never’, ‘1 to 3 times’, ‘3 to 10 times’ and ‘More than 10 times’.