NEW YORK--(BUSINESS WIRE)--A new Fitch Ratings study of corporate bond liquidity takes a different approach to the topic by focusing on the characteristics of corporate bonds pledged as collateral in the tri-party repo market. The analysis identifies key features of a sample of bond collateral that could contribute to the risk of fire sales, or forced selling of collateral in a repo funding squeeze. Corporate bond collateral characteristics such as long-dated maturities, low trading frequency a