FYI: Investors looking for potential causes of volatility in the debt markets have nothing to fear from exchange-traded funds, according to one of the industry’s largest market makers.
These products have become something of a boogeyman for some debt investors who worry that a mismatch between their liquidity and that of the securities they hold could exacerbate a credit sell-off. But a new report from Jane Street Group concludes that such concerns are unfounded.
Regards,
Ted
https://www.fa-mag.com/news/jane-street-defends-etfs-from-claims-they-cause-market-stress-50738.html?print
