Republished from Felix Salmon in: “Seeking Alpha”
Nov 6 2013, 02:23
In the September issue of Euromoney, Peter Lee has a huge investigation into what he calls “the great bond liquidity drought”. The landing page for the story features subscriber-only links to the whole thing, as well as free-to-access links to various sections. But it also neatly summarizes the problem in a single paragraph:
Liquidity is drying up across the bond markets. Regulations designed to curtail banks’ …