- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 3. Fixed-Income Issuance and Trading
- Subject 3. Primary and Secondary Fixed-Income Markets
CFA Practice Question
The major participants in secondary bond markets are ______.
II. institutional investors
III. central banks
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. |