Plausibly Exogenous [1816] - Liquidity Risk Management (01/22/2025)

LHS Variable
Treasury excess return volatility

RHS Variable
Liquidity management

Source of Exogenous Variation
SEC’s 2017 Liquidity Risk Management Rule

- Huang, Jiang, Liu, and Liu (2024), “Does Liquidity Management Induce Fragility in Treasury Prices? Evidence from Bond Mutual Funds”