Credit stress and liquidity the new issues

10 February 2016

 

  A confluence of events have begun to stress credit markets and drive nervous investors to the safety of government bonds, no matter what the returns. YieldReport wrote last year about the impact on market liquidity of crowded one-way trades and the reduction in proprietary trading risks being taken by global investment banks. Many of those forecasts are now coming to fruition. Low commodity and oil prices have seen some...

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