This thesis explores arbitrage opportunities in the bond market during the 2008 financial crisis. The focus is on various types of fixed-income arbitrage and specific strategy examples that were based on price inefficiencies of financial instruments during this period. Additionally, this thesis examines how factors such as central bank interventions, liquidity shocks, and regulatory changes influenced the execution of arbitrage strategies at the time. In the final part, a comparative analysis with the Covid-19 pandemic in 2020 is presented, highlighting similar opportunities and challenges in the bond market. This comparison provides deeper insight into the dynamics of arbitrage in times of financial distress.
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