Liquidity Lessons Learned From the Lehman Collapse

The video discusses changes in market liquidity post-crisis, focusing on regulatory impacts and the October 2014 Treasury market event. It explores corporate market dynamics, highlighting the role of ETFs in providing liquidity. The video also compares active and passive investment strategies, noting the underperformance of passive high-yield ETFs compared to actively managed funds.

What changes in the regulatory environment have affected dealers' willingness to warehouse Treasurys?

How did the events of October 2014 impact perceptions of liquidity in the Treasury market?

In what ways do corporate markets differ from Treasury markets in terms of liquidity?

What role do ETFs play in providing liquidity in the corporate bond market?

Discuss the performance of passive versus active management in high yield funds over the past decade.