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Market update: bonds, liquidity, and the fog

Before looking at stock markets - the hunting ground for most of you - and quick recap on issues in the bond market, those of my peers who regularly crunch the numbers on bonds seem to have been “inspired” by the stock market falls of the Autumn to remind everyone yet again that corporate bonds are the elephant in the room. It is hard to disagree and I for one am glad that they keep prodding me.

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