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Opinion
Matt Levine

Bond Liquidity, Mortgage Lending and Merger Associates

Also, Herbalife won a lawsuit, and Tim Sykes is still doing things.

How is bond market liquidity anyway?

Has any financial story been more relentlessly covered in the last few years than the market's worries about bond market liquidity drying up? (A small sample of Bloomberg's coverage can be found herehere, here, here, etc.) In its latest quarterly review, the Bank for International Settlements included a thoughtful little article about the question, and it's I guess what you'd expect if you'd been following things? Like: