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Are bond traders the new Masters of the Universe?
Traditional dealers pull back as traders assume bigger role in market for US government debt
Add BT as a preferred sourcePublished Tue, Mar 31, 2015 · 09:50 PM
New York
TIME was, Sherman McCoy could stride into Pierce & Pierce to bray for money on the bond markets with other Masters of the Universe.
That was 1987. Mr McCoy, the hotshot bond dealer at the centre of the Bonfire of the Vanities, would be 66 by now, and he'd scarcely recognise the Treasury market.
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