In some ways, my rookie errors with small cap stocks helped me become a very
good illiquid bond trader.
In some ways, my rookie errors with small cap stocks helped me become a very
good illiquid bond trader.
Not exact matches
A manager under pressure to sell a million dollars» worth of corporate
bonds might
well find that there's only a market for two - thirds of that amount, the remaining third could swiftly become
illiquid — that is, unmarketable — securities.
That might work, but if the
bonds are
illiquid, often the derivatives are as
well, or, the derivatives trade rich to where an identical
bond would trade in the cash market.