Bond bloodbath and horrible liquidity
Long Time Ago Since We Heard Noise About "Liquidations" And "Blood Baths"...
But if it were to come from somewhere, this time it would be the bond markets..."We are hearing 10 to 20 different asset managers across the industry are being liquidated or are under review for liquidation due to interest rate derivatives, it's a bloodbath" (Gasparino / ConvertBond).