From Robin Wigglesworth in FT,
While there are about 41,000 stocks in the world, there are millions of bonds, almost all of them with unique characteristics. Many trade only by appointment, if at all. Of the 21,175 corporate bonds outstanding in the US in 2018, only 246 of them traded at least once a day that year, and a sixth did not trade at all, according to Citi.
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