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Large Investors Will Be The Most At Risk In The Next Bond Sell-Off

FYI: Contrary to conventional wisdom, large asset managers and pensions will face huge liquidity risks as bond markets tighten, and smaller firms may reap huge profits by keeping things moving, says J.P. Morgan.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1c0x7kq08z5fs/Large-Investors-Will-Be-the-Most-At-Risk-in-the-Next-Bond-Sell-Off
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