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Bond Market Frustrations Revealed in Investor Mission Statement

  • Vanguard, AQR, State Street and Loomis Sayles back plan
  • Firms discuss the kind of market they want at Boston summit

Leading investors in the $8 trillion U.S. corporate bond market are getting louder in expressing their frustrations.

Executives from Vanguard Group Inc., AQR Capital Markets, State Street Global Advisors and Loomis Sayles & Co. all contributed to a mission statement outlining changes they view as necessary to make it easier to buy and sell debt.