BBB fallen angels and fake ETF liquidity
Edward Harrison | Jan 26, 2020 | 3 | 3 |
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…