S&P: All That Bond Market Illiquidity is Bad for Bond Funds, But Not Banks

What would a dry spell in the bond market mean for the financial sector?

Here is a metaphorical bond market, parched of liquidity.

Photographer: David Paul Morris/Bloomberg

Standard & Poor's, the credit rater, has just published new research on the changing structure of the corporate bond market and its effect on on a wide variety of financial entities.

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