Unintended Consequences

O'Leary, Christopher
August 2005
Investment Dealers' Digest;8/15/2005, Vol. 71 Issue 32, p28
Trade Publication
Focuses on the improved transparent bond market in the U.S., which unintentionally resulted to the threat of illiquidity. Decline in the number of inventories of bonds that dealers are holding due to improved bond pricing transparency; Claim of some bond pros that the reforms in bond pricing have also greatly hindered the market's ability to provide liquidity to outstanding bonds in the secondary markets; Concern regarding how far regulators intend to take pricing reforms.


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