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Sean Juneja

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August is the cruellest month for liquidity, according to Sean Juneja, head of structured products at interdealer broker BGC Partners in London. While he distances himself from some of the more shrill reactions to this summer's crisis, he warns that it will take time for conditions to settle.

"August, always one of the most illiquid times of the year, is the wrong month to look for resolution. By mid-September, if liquidity improves, we will see structured credit in a much better position. We can

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