(Bloomberg) — Fund managers are being faced with a collapse of liquidity as they try to handle record market moves.Investors say it is becoming increasingly difficult to trade due to the extent of swings on a day that saw 30-year Treasury yields drop the most since the 1980s and a fall in U.S. stocks so sharp that trading was halted minutes from the open. Even before today financial conditions were tightening at the fastest pace since the 2008 crisis.“I have yet to find liquidity,” said Richard Hodges, a money manager at Nomura Asset Management, whose bets on Italian and Portuguese …read more
Source:: Yahoo Finance
