Here's Why It's So Hard to Fix the Corporate Bond Market
Odd Lots18 Nov 2021

Here's Why It's So Hard to Fix the Corporate Bond Market

The corporate bond market is huge and important, allowing U.S. companies to tap investors for much needed borrowing. But even as sales of bonds have been booming in recent years thanks to low interest rates, the overall structure of the credit market and the way such debt is traded has been criticized for years. While stocks trade electronically on exchanges that provide instant and competitive quotes, a majority of corporate bond trades are still done over the phone or on platforms that tend to favor certain participants over others. Despite many efforts to improve ease of trading and price transparency in this vital market, progress has been slow.

On this episode, we speak with Larry Harris of the USC Marshall School of Business and a former Chief Economist at the U.S. Securities and Exchange Commission, where he helped push through major stock market reform known as Reg NMS, about why the corporate bond market has been so resistant to substantial change. Harris was also part of the SEC's most recent effort to improve corporate bond trading -- the Fixed Income Market Structure Advisory Committee (FIMSAC) created in 2018. He explains why it hasn't had much success in changing the market.

See omnystudio.com/listener for privacy information.

Avsnitt(1187)

What AI Is Already Doing to the Legal Industry

What AI Is Already Doing to the Legal Industry

If there's one thing that lawyers do a lot of, it's spending a prodigious number of hours going through documents. And they're often very well compensated for this work. So if there's one area where A...

17 Juli 202548min

Why US Banks Are Trying to Turn Themselves Into Super Apps

Why US Banks Are Trying to Turn Themselves Into Super Apps

Rohit Chopra is a former director of the Consumer Financial Protection Bureau, which was created in the aftermath of the 2008 financial crisis. In this episode, we speak with him about the current sta...

14 Juli 202554min

What NYC's Most Powerful CEOs Think About Zohran Mamdani

What NYC's Most Powerful CEOs Think About Zohran Mamdani

When socialist candidate Zohran Mamdani won the Democratic party's nomination for NYC mayor, top business leaders experienced a bout of hysteria. That's according to Kathy Wylde, the president and CEO...

11 Juli 202544min

How a Geopolitical Analyst Predicts the Outcome of War

How a Geopolitical Analyst Predicts the Outcome of War

For investors, geopolitical risks are always lurking as a factor that could upend trades for obvious reasons. When war breaks out, it's crucial to have some kind of understanding of what it will mean ...

10 Juli 202544min

How You Get and Actually Keep a Job at a Multi-Strat Hedge Fund

How You Get and Actually Keep a Job at a Multi-Strat Hedge Fund

Multi-strategy hedge funds, composed of lots of individual portfolio managers, have seen assets under management boom in recent years, thanks to astonishingly consistent returns throughout the cycle. ...

7 Juli 202545min

Emily Sundberg on How Nobody Is Coming to Save Gen Z

Emily Sundberg on How Nobody Is Coming to Save Gen Z

What do young professionals in New York City actually think about money and capitalism? According to our guest Emily Sundberg, creator of the Feed Me newsletter, there is a foreboding sense that nobod...

5 Juli 202520min

Nassim Taleb on Living a Good Life in an Age of Volatility

Nassim Taleb on Living a Good Life in an Age of Volatility

Every day we're inundated with headlines that are seemingly unbelievable. Multiple major wars are ongoing. Politics is erratic. Markets are scrambling everyone's brains. So how should we live and feel...

4 Juli 202523min

Charlie McElligott on How Long the Stock Market Rally Can Go

Charlie McElligott on How Long the Stock Market Rally Can Go

Stocks plunged after the April 2 "Liberation Day," in one of the worst drawdowns in the market's history. Since then, however, we're basically back to all-time highs and things have been pretty calm i...

3 Juli 202524min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
rss-svart-marknad
svd-tech-brief
rss-borsens-finest
uppgang-och-fall
bathina-en-podcast
rss-dagen-med-di
rss-kort-lang-analyspodden-fran-di
rss-inga-dumma-fragor-om-pengar
avanzapodden
lastbilspodden
fill-or-kill
borsmorgon
24fragor
tabberaset
rikatillsammans-om-privatekonomi-rikedom-i-livet
montrosepodden