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2015 Fixed Income Conference

The Darla Moore School of Business of the University of South Carolina in collaboration with the Belk College of Business of the UNC–Charlotte is pleased to host the 4th Annual Fixed Income Conference.

Dates:  April 17-18, 2015

Location:  University of North Carolina-Charlotte
City Center, 320 9th Street, Charlotte, NC

Hotel Information

Registration fee : $250 general

  $100 academic participants

Eventbrite - 2015 Fixed Income Conference



Friday, April 17:

8:15     Registration and continental breakfast

8:45     Welcome – Steven Ott, Dean UNC-Charlotte

9:00     Richard Cantor, Moody’s Investors Service

9:45     Charles Himmelberg, Goldman Sachs

10:30   Break

10:45   Panel Discussion:

Stephen D. Young, Wells Fargo Asset Management; John Carpenter, Bank of America; Jeffrey R. Gerlach, Federal Reserve Bank of Richmond; Diane Vazza, Standard and Poor’s

11:30   Panel Discussion on Real Estate:
Richard Buttimer,UNC-Charlotte; Yongqiang Chu, USC; Steven Larson, TIAA-CREF; Thomas Parrent, United Guaranty

12:15   Lunch – Michael Piwowar, Commissioner, U.S. Securities and Exchange Commission

2:00     Academic Research Session 1:

Michael Fleming and Giang Nguyen

Order Flow Segmentation and the Role of Dark Pool Trading in the Price Discovery of U.S. Treasury Securities

Discussed by Kristian Rydqvist


Gopa Biswas, Stanislava Nikolova, and Christof W. Stahel

The Transaction Costs of Trading Corporate Credit

Discussed by Chunchi Wu 

3:20     Break

3:40     Academic Research Session 2:


Sean Flynn and Andra Ghent

Competition and Credit Ratings After the Fall

Discussed by Ben Munyan


Lantian Liang, Harold H. Zhang, Feng Zhao, and Xiaofei Zhao

Disclosure Regulation on Mortgage Securitization and Subprime Loan Performance

Discussed by Marco Rossi 

5:00     Wrap-up

5:30     Reception

Saturday, April 18:

8:00     Registration and continental breakfast

8:30     Academic research session 3:

Patrick Augustin

The Term Structure of CDS Spreads and Sovereign Credit Risk

Discussed by Fan Yu


Haitao Li and Zhaogang Song

Tail Risk in Fixed-Income Markets

Discussed by Robert Connolly


Eric Ghysels, Anh Le, Sunjin Park and Haoxiang Zhu

Risk and Return Trade-off in the U.S. Treasury Market

Discussed by Weiping Li

10:30   Break

11:00   Academic research session 4:

Andras Danis and Andrea Gamba

The Real Effects of Credit Default Swaps

Discussed by Chanatip Kitwiwattanachai


Martin Oehmke and Adam Zawadowski

Synthetic or Real? The Equilibrium Effects of Credit Default Swaps on Bond Markets

Discussed by Jaewon Choi


Batchimeg Sambalaibat 

A Theory of Liquidity Spillovers Between Bond and CDS Markets

Discussed by Madhu Kalimipalli

1:00     Box lunch