Bonds: Deutsche Bank Warns "a new stage of liquidity deterioration"Rupert Hargreaves
Bonds: Deutsch Bank Warns On Credit Markets
Third Avenue Management's decision to liquidate its Third Avenue Focused Credit Fund (FCF) last week, roiled credit markets around the world. FCF, which invests in low-rated corporate bonds, decided to take this drastic action following a large number of redemption requests, but worsening liquidity in the corporate bond market has made asset sales difficult and thus prompted a decision to start liquidation proceedings.
Unfortunately, this isn't the first bond market fund to announce its . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible