My latest piece for Morningstar is titled “Should you worry about bond market liquidity?” And for those who nod off at the words “bond” and “liquidity,” I understand. But the bond market is a peculiar beast, starting with the fact that there is, really, no bond exchange. And if there are disturbances in the bond market, it can be very difficult indeed for your fund manager to sell certain bonds.
Anyway, check it out. Really.