The Bond Liquidity Crunch—And What To Do About It: AllianceBernstein

When investors ask if an asset is liquid, what they usually want to know is: will they be able to get rid of it quickly, either to realize a profit or avoid a loss? But liquidity isn’t constant. It depends on many factors, from investor sentiment and behavior to market structure and conditions. And over the last few…

Source: AllianceBernstein

Source: AllianceBernstein (pdf)