Covid Re-Exposed Bond Market’s Liquidity Problems—Is Change Finally Here?
Three fixed-income experts look back on the bond market’s liquidity crisis spurred by the pandemic’s early days, and ponder where regulation and data-quality efforts might next lead the space.

Technologically speaking, the bond markets have long lagged behind the stock markets. While equities investors have for years benefitted from new technologies like machine-learning algorithms that help them pick the best stocks, fixed-income investors still operate in a highly manual, paper-intensive world, relying on phones as a primary means to make trades, even into the new decade.
Since the financial collapse of 2008, a great deal of time, thought, and funds have been devoted to ironing
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