Prepare to Fail Buying Bonds in Sellers’ World: Credit Markets
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Want to buy a corporate bond? Good luck finding one.
Traders trying to purchase investment-grade notes are failing about 46 percent of the time, close to the worst rate in more than four years as measured by activity on MarketAxess Holdings Inc.’s electronic platform. On the flip side, investors trying to sell the debt are having the easiest time on record, with an 85 percent success rate.