Odd Trade in Junk Bond ETF Underscores Liquidity Concerns
July 30, 2014 at 15:19 PM EDT
High-yield bonds and the relevant exchange traded funds are no strangers to liquidity concerns. The theory often bandied about is that in times of high market stress, when a slew of investors could be rushing for the same exit at the same, junk bond ETFs could subject investors to wide bid/ask...