Managers of market risk typically mark positions to market and compute the value of positions under different assumptions about future price changes. During a tail event, wider bid-offer spreads are expected, reducing the accuracy of valuations of existing positions.
As a result of these successes, the bond market has attracted private issuers of fixed income securities like corporate bonds and thereby diversified the investment opportunities. BIS central bankers’ speeches  1  iii. The establishment and implementation of the benchmark bonds program: In conjunction with MLF, CBK has spearheaded the establishment and implementation of the benchmark bonds program in 2007.