We fell short of our Fall Fundraiser goal of 2,500 donations. Help us catch up ⏩ Give Now

Trading in financial markets is becoming more of a headache

David Brancaccio May 8, 2018
HTML EMBED:
COPY
Traders at the Chicago Board Options Exchange. Joshua Lott/Getty Images

Trading in financial markets is becoming more of a headache

David Brancaccio May 8, 2018
Traders at the Chicago Board Options Exchange. Joshua Lott/Getty Images
HTML EMBED:
COPY

Imagine you have a beautiful ballgown you’re trying to sell, but Congress has outlawed consignment shops, where you’d normally take it.

There, a middle person would be willing to hold onto it until a buyer came around. But without that middle person, the market for used clothing is less liquid. 

“That’s what’s happening I think writ large in the bond market,” said Jeffrey Cleveland, chief economist at Payden & Rygel in Los Angeles. Cleveland stopped by to talk with us about why trading in financial markets is becoming more difficult. 

Click the above audio player to hear the full interview.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.