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Bund futures are seen as a liquid alternative to cash bonds, but even that market is showing signs of drying up. Joe Rennison, US capital markets reporter, explains what liquidity means to the market and what happens when it is in short supply.
► FT Markets: http://bit.ly/1J5HNd3
► FT Wealth: http://bit.ly/1e3996C
► The State of Bond Liquidity: http://bit.ly/1HXqn0E