Bond Markets & Liquidity: A Recipe for disaster
/Citi's Matt King does not beat around the bush when it comes to describing the current liquidity problems in bond markets. Quiet frankly, after reading his comments you are left wondering how deep the next crisis will be.
The effects of herding/crowding, Central banks/QE and capital requirements for dealers are very well analysed by Matt King. Read the the full story here.
PS: The Zero Hedge blog is know for being somewhat pessimistic...