Fixed income markets are approaching a critical stage in their evolution
Fixed income markets are approaching a critical stage in their evolution. Besieged on all sides, markets are struggling to find proper balance between a demand for efficiency and the dependency on principal-based risk transfer. Ten years removed from the credit crisis, markets are larger, less liquid, and increasingly fragmented. Market structure reform threatens, but thus far the debate has trumped substantive change. The time to act is now.Read more
