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BlackRock says 'broken' corporate bond market needs an overhaul

Wed, Sep 24, 2014 - 12:00 AM

[NEW YORK] BlackRock Inc said the corporate bond market, which is one of the cornerstones of global finance, is "broken" and must be retooled to improve liquidity.

BlackRock, a major competitor in the bond market with US$4.3 trillion in client assets, urged changes including unseating...

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