BlackRock's Prager on Bond vs. Equity Markets

The video discusses the differences between the bond and equity markets, highlighting the hybrid nature of the bond market due to its complexity. It addresses the current challenges in the bond market, particularly in the principal market, and the emerging role of the agency market. The video also explores the dynamics between the buy side and sell side, emphasizing their interdependence and the evolving nature of trading practices.

How would you compare the current state of the bond market to the equity market?

What does the term 'hybrid model' refer to in the context of the bond market?

What are the key challenges facing the principal market today?

What steps are being taken to improve transparency and access in the bond market?

Why is there tension between the sell side and the buy side in trading?