Interviews earlier this year with nearly 60 global bond investors found that more than expected – 29% – either currently make prices in the corporate bond market or plan ton do so in the next 12 months. In and of itself this finding speaks of huge change. Until recently the only method the buy side had of deciding at what price they could trade a bond was calling a dealer. But now, mainly via new all-to-all electronic trading platforms, they can tell the market at what price they’re willing to buy and sell a bond…

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