They note, for example, that the
size of large
trades of US investment grade corporate bonds (so - called «block
trades») has continuously
declined in recent years.6 Furthermore, in most corporate bond markets,
trading appears to be highly concentrated in just a few liquid issues, and concentration appears to be increasing in some market segments.
Brian Dodge
of the
trade group the Retail Industry Leaders Association has similar sentiments and said «It's a rarity for a retailer
of any
size to go cash only, and it's a rarity to
decline to accept cash at all.»