Junk Bonds: No Free Lunch! Summary: At two of the Wall Street firms I traded at there actually were free lunches! But at some point in time when the markets turned Read More » December 14, 2015
Junk Bonds: No Free Lunch! Summary: At two of the Wall Street firms I traded at there actually were free lunches! But at some point in time when the markets turned Read More » December 14, 2015
Bond Market Illiquidity: There’s A Very Small Door! Imagine a concert venue with general admission seating, a famous band, and one small door to get inside. The result would likely be catastrophic! Is Read More » June 25, 2015