How have market - making and
bond market liquidity changed post-crisis?
Not exact matches
This feature article draws on recent work by the Committee on the Global Financial System (CGFS) to investigate trends in
market - making and what they mean for the financial system (CGFS (2014)-RRB-.2 We use a simple conceptual framework to assess how supply and demand for
liquidity have
changed in fixed income
markets, particularly in
markets for sovereign and corporate
bonds.
At present, domestic investors are still dominant in the China onshore
market and are the biggest contributors to
market liquidity; however, the hope is that before long legislation will
change, opening the channels for foreign investors to tap into the Chinese
bond market.
the disclosure of certain enumerated events affecting a municipal security; these events include the following, if material: (1) principal and interest payment delinquencies; (2) non-payment related defaults; (3) unscheduled draws on debt service reserves; (4) unscheduled draws on credit enhancements; (5) substitution of credit or
liquidity providers; (6) adverse tax events affecting the tax - exempt status of the security; (7) modifications to rights of securities holders; (8)
bond calls; (9) defeasances; (10) release, substitution, or sale of property securing repayment; (11) rating
changes; (12) failure to provide annual financial information as required; the MSRB, Electronic Municipal
Market Access (a.k.a. EMMA) provides free access to municipal disclosures, market data and edu
Market Access (a.k.a. EMMA) provides free access to municipal disclosures,
market data and edu
market data and education
Regulatory
changes and
market conditions have decreased
liquidity in the secondary
bond market, even as new issues remain strong.
Investing in fixed income securities (
bonds, debt securities) are subject to various risks, including
changes in interest rates, credit quality,
market valuations,
liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors.