This makes perfect sense. The reason why debt/fixed income products were stable in the past is because of the lack of liquidity. But now with the advent of stru

This makes perfect sense. The reason why debt/fixed income products were stable in the past is because of the lack of liquidity. But now with the advent of structured product and ETFs, a lot of bonds are behaving more like publicly traded equity and being speculated upon, thus increasing their volatility.