Bond markets may not be able to cope with the stress of many investors trying to cash in at the same time but data remain too patchy to support new rules, a global financial watchdog said. The International Organization of Securities Commissions (IOSCO) said concerns over secondary bond market liquidity was one of its four top market risks for 2016. The others were cyber threats, misconduct in relation to retail financial products, and risks from use of collateral or cash to back trades.
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