Exchange-traded bond funds and bond mutual funds are big business. They’re a lot easier for retail investors to buy and sell than the actual bonds, particularly bond ETFs, which trade on stock markets just like stocks — and can even be day-traded. But this liquidity for investors is precisely the potentially catastrophic problem…..
https://wolfstreet.com/2018/11/29/potentially-treacherous-times-for-bond-funds-ahead/
