Bond Funds’ Liquidity Presents Market Concern


Bond Funds’ Liquidity Presents Market Concern
— Paul J. Davies
The Wall Street Journal Europe
Mar 27 2015

Bond markets have been encroaching on banking territory. But it appears that bond funds may be taking from banks not only the credit risk that borrowers default, but also a type of maturity transformation risk, of effectively borrowing short to lend…read more…

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