Unveiling the Hidden Cost of Retail Bond Buying & Selling

For 2016 and 2017, investment-grade corporate bonds are represented by the S&P 500 Investment Grade Corporate Bond Index and high-yield bonds are represented by the S&P 500 High Yield Corporate Bond Index. Exhibit 4: Number of Trades Used in the Retail Transaction Cost Calculations PERIOD INVESTMENT-GRADE MUNICIPAL BONDS INVESTMENT-GRADE ................
................