Fleeing Bonds and Going Back to Banking

By May 8, 2015Bitcoin Business

People are worried about bond liquidity.

We talked a little yesterday about BlackRock’s efforts to revive the credit-default swap market, and BlueMountain’s Jes Staley is sounding similar themes: Mr. Staley says that when he looks around for potential systemic threats to the financial system, this contraction in trading in credit-default swaps — derivatives that function like insurance for bonds and loans — coupled with an expanding supply of corporate bonds is something that he thinks is […]

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