The Credit Writedowns Newsletter

Share this post

BBB fallen angels and fake ETF liquidity

pro.creditwritedowns.com

BBB fallen angels and fake ETF liquidity

Edward Harrison
Jan 26, 2020
3
3
Share this post

BBB fallen angels and fake ETF liquidity

pro.creditwritedowns.com

Yesterday and today, there's been a bit of back and forth on Twitter about vulnerabilities in the high yield space. I thought I would weigh in via this newsletter because I think it's an important issue regarding faulty market structure.

For me, there's a liquidity mismatch problem. And eventually, it will catch up to us. I don't have a solution ready-ma…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2023 Global Macro Advisors
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing