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The accidental modernization of the fixed income markets

from Institutional Investor

The accidental modernization of the fixed income markets Institutional Investor After dire predictions that exchange-traded funds would exacerbate volatility in fixed income, investors instead used ETFs to skirt many of the antiquated bond market’s structural problems. ETFs, which hold a large basket of securities, trade on an exchange like any stock. Critics have been concerned that a market downturn would prompt mass ETF selling, which would require managers to dump individual securities and put even more pressure on creaky primary bond markets. READ MORE

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