ILLIQUIDITY (via new Bloomberg headline).
Take heed: mutual funds have 43x more corporate bonds on their balance sheets than dealers vs 2x in 2007.
Daily liquidity with potentially very illiquid underlying can create massive nonlinear market dislocations… pic.twitter.com/ifns9HrTun
— Josh Wolfe (@wolfejosh) June 28, 2019
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
3 views