Morgan Stanley, BlackRock Say Bond-Liquidity Concern Overheated
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Executives from two of the biggest names in corporate-bond trading said concern about liquidity is overdone.
While there are challenges in the evolution of the market, “to say there’s some sort of big problem I would view as somewhat extreme,” Steve Zamsky, Morgan Stanley’s global head of credit, said Monday at a panel discussion hosted by the Brookings Institution in Washington. Kashif Riaz, a managing director at BlackRock Inc., said the debate on market liquidity has become “overheated.”