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BLOOMBERG Bloomberg Markets May 2, 2016

I want to begin our conversation by dispensing with the myths were going to talk about liquidity. Is there liquidity problem in the Corporate Bond market . From the perspective dealers, liquidity is different because there are fewer dealers. And their ability erik you were talking about banks. Steve they have less of an for if i had 100 million charter bonds, they might have bid for half of them were all of them for five years ago. Now, they are building bidding for what. They can trade property. The Balance Sheets are smaller. Theyve shrunk the Balance Sheets, so what does that mean for liquidity . That there ismean more liquidity. Thats what you hear. But the reality is different. If you look at the number of and buyers, there are many more and buyers today the weather was for five years ago. And they have a lot more m ....

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