That means more companies need to come directly to the bond market; having a larger, more liquid bond market should help with that environment. (us.beyondbullsandbears.com)
To eliminate this problem, a bond index can be structured to include only more liquid or most liquid bond issues with tight spreads that are frequently traded. (investopedia.com)
When I was a corporate bond manager, I often dealt in less liquid bonds. (alephblog.com)