Another Investor Calls Illiquidity a Myth to Repeal Rules
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Warnings of a liquidity crisis in the bond market are a myth created by Wall Street in hopes of repealing regulation, said Krishna Memani, the chief investment officer of OppenheimerFunds.
Bond buyers, who currently have no incentive to buy, will eventually step up when the market declines and owning debt becomes more lucrative again, Memani, whose firm oversees $235 billion, said in an interview.