Liquidity Trap Hitting AAA Bonds Has ATP CEO Sounding Alarm. - - TopicsExpress



          

Liquidity Trap Hitting AAA Bonds Has ATP CEO Sounding Alarm. - Bloomberg. Carsten Stendevad, CEO of Denmarks biggest PENSION FUND, says ... the worlds biggest bond markets are becoming dangerously illiquid. Overseeing $130 billion in assets [Stendevad] ... It was amazing, Stendevad said in an interview ... One of the worlds biggest banks, WHICH BEFORE 2008 would have been able to trade any quantity of German govt bonds at any time of day, was not even willing to offer a quote for a reasonable size. Were not talking about selling some exotic instrument here, were talking GERMAN GOVT BONDS. Jill: Bonds > Stocks > Currency. Wash > Rinse > Repeat. 2008 Lehman Deja Vu: No bids = No buyers = No credit = No liquidity = No brainer.
Posted on: Sat, 03 May 2014 03:12:42 +0000

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