Buy-side bond traders are facing a considerable challenge in matching their investor’s demand for fixed income assets as equity markets plummet. Volumes are up, but that does not represent increased liquidity, and traders are reporting markets with all bids and no offers.
One Europe-based trader with over 30 years in the fixed income markets said, “I am not sure I have seen it like this. Very unique.”
Another head of trading observed, “There is no liquidity.”
The full article is available at https://www.fi-desk.com/there-is-no-liquidity-bond-traders-report-market-conditions-never-seen-before/