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 . . .
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