The efficiency of those markets themselves is potentially affected.
Live, two-sided markets in governments, corporates, and strips. In general, the current system works well in evaluating the credit of corporate issuers on a current basis. Bond Yields National Muni Bond yields from Bloomberg. Additional resources can be found in CLIO, the library catalog. Home of the greatest savings bond software in the world.
Covers bonds issues by federal, state, county, and local government. The efficiency of those markets themselves is potentially affected.