Direxion Daily 20 Year Plus Treasury Bond Bear 3x Shares ETF (TMV)

[Pro-Life]

In Case You Needed Any More Proof That There Is No Bond Market Liquidity Left...
Submitted by Tyler Durden on 07/22/2015 11:38 -0400

http://www.zerohedge.com/news/2015-07-22/case-you-needed-any-more-proof-there-no-bond-market-liquidity-left

First, Bloomberg reports that a startup platform for fixed-income trading which was launched just three months ago with funding from Deutsche Boerse, has promptly liquidated less than 100 days after going live...

Perhaps the startup's backers could have done some research into the "depth" of the market, or total lack thereof, before dumping a couple million into a platform that nobody would need...

And second, also from Bloomberg, we learn that one of the world's biggest fixed income mutual funds, Fidelity, "plans to keep its exposure to Greek government bonds stable over summer months, sovereign credit analyst Dierk Brandenburg said in phone interview yday." Why? As it turns out Fidelity kept its exposure to Greece during the country’s negotiations with creditors because it could neither buy nor sell, as market then was very illiquid.

Click the link above for the rest of this story...