Market makers are expected to provide on - demand liquidity for a fee — a role
only bond dealers have and will continue to fill.
Not exact matches
At Thursday's auction of a 7.37 percent 2023
bond, the Reserve Bank of India was
only able to sell about 430 million rupees out of the 30 billion on offer into the market, with the remainder having to be bought by primary
dealers.
If 2
dealers are sending out runs saying 98/99 seller
only, all you really know is that
bonds are offered at 99.
Until recently the
only method the buy side had of deciding at what price they could trade a
bond was calling a
dealer.
The same
bond may be sold by different
dealers for widely different prices, based on the price at which they bought the
bond, the size of their markup, the size of the lot, and the direction of interest rates — and these are
only a few of the relevant factors.
MELA or FAME Student Loan Revenue
Bonds described in a Preliminary Official Statement may be offered, if at all, and may be sold,
only by means of a final Official Statement provided by broker -
dealers authorized and properly registered and licensed to make such offers and sales, and will be made
only in accordance with applicable federal and state securities laws.