Pimco's Balls Says Transparency May Hit EU Bond-Market Liquidity
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Andrew Balls, chief investment officer for global fixed income at Pacific Investment Management Co., said European Union transparency rules may take a toll on bond-market liquidity.
An EU law that comes into force in January 2017 requires dealers to post firm prices before trades take place and to report prices after they close. Reporting requirements for bond trades will vary depending on regulators’ assessment of the liquidity of the instrument.