Notice of RetractionDoes flight exist in stock, Treasury bond and corporate bond markets? — Empirically study based on security market in China

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

This paper investigates the relationship of order flow, liquidity and return in the stock, Treasury bond and corporate bond markets, and with real data in security market in China, this paper empirically studies the cross-market fight behavior between stock and bond markets, especially the within-market flight behavior in Treasury bond and corporate bond markets. The results show that: there is a lead-lag relationship of order flow, liquidity and return in stock and bond markets; there is significant cross-market fight behavior in the stock and bond markets; considering the influence of macroeconomic factors, there is indeed significant within-market flight behavior in Treasury bond and corporate bond markets.