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As of June 2012 there was $8.5 trillion of US corporate debt outstanding. But, relative to equity markets, the microstructure of the US corporate bond market has been under-researched. Dealers in the bond market have reduced their inventories substantially...

Since the 2008 financial crisis, there have been a number of developments in financial markets, such as new regulations, changes in market structure, and technological advancements. To varying degrees, these developments have had an impact on the landscape and...