Goldman Contrarian Joins Chorus Warning on Bond-Market Liquidity
- Latest bad omen: dealer corporate-debt inventories go negative
- That light at the end of the tunnel? It might be `a train'
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Add Goldman Sachs Group Inc.’s chief credit strategist to the list of market participants concerned about bond-market liquidity.
Charles Himmelberg joined the chorus as the inventory of corporate bonds held by the Federal Reserve’s 22 primary dealers fell below zero last week for the first time, according to Goldman Sachs.