Gross exposes $42 trillion bond market’s key flaw in exit
Lack of liquidity in less-traded corners of the market is the big issue
One man shook a $42 trillion bond market last week, highlighting just how vulnerable bond prices are to shocks.
Bill Gross's surprise departure on Friday from Pacific Investment Management Co. sparked sell-offs in some of his biggest wagers, such as inflation-protected U.S. government bonds. The mo
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