Radical changes in bond markets The way bonds in the western economies are bought and sold is undergoing several radical changes, affecting all participants, ranging from banks to dealers, asset managers, retail customers and the issuers, including governments.

Dealers bypassed in US Treasuries

In late January, the number of end-investors cutting out dealers and buying US government Treasuries directly shot up in just one week, triggering questions about the future role of dealers.  More...