Comments on: In a bond market massacre, liquid products win Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 By: Anchard Thu, 27 Jun 2013 13:54:31 +0000 Cate,

Interesting piece, and absolutely agreed – transparency for individual investors can’t come quickly enough.

It strikes me in reading that the problem of having retail investors trapped in smaller muni issuers could become significantly worse if the bond selloff continues. Retail managers competing on yield (and trying to avoid the interest-rate sensitivity of AAA paper) have been pulled into these less liquid parts of the market as well. If they need to sell any more of this paper, it’s likely that the dislocations will continue regardless of what info the individual investor has.

Interesting times.

Jason W