Liquidity fears overblown as market stays steady
Other parties filling gap caused by banks' exit due to new post-crisis regulations
New York
AS the US corporate bond market toughs out the latest round of volatility, a growing chorus of voices now says that all the nervous talk of a liquidity crisis has been greatly exaggerated.
For months, the market has been chattering about an expected systemic crisis in which panicky sellers would rush to sell their bonds - and be unable to find any buyers.
