While investors have a good idea how the stock market operates, they generally know little about the bond market – or the people who make it work. Brad Meiers, a corporate debt specialist, explained to Financial Pipeline co-editor Romina Maurino what a bond trader does.
BM: A bond trader works for an investment dealer. His job is to facilitate liquidity between investors, so whether it’s retail investors or institutional investors, they would put bids and offers on bonds all day long and once the bond gets issued into the market as a new issue, the market turns them over to the secondary traders and they would make markets to secondary traders, provide liquidity to the bond market, which is an over the counter market.
