CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

The major participants in secondary bond markets are ______.

I. individual investors
II. institutional investors
III. central banks
Correct Answer: II and III

User Contributed Comments 7

User Comment
enetis plenty of retail/individual investors participate in secondary markets.
xintanzh why not individual investors?
stevo I guess by size the institutions and central banks are considered the "major" participants.
Inaganti6 But when Fed sells $59 billion of secs it's going to be Morgan Stanley or an institution on the other end.
Kiniry Most individual investors participate in the markets through mutual funds.
khalifa92 mutual and ETFs
Antoinepo stevo's right.
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