In episode 57, Alex Proimos speaks with Darren Wills, managing director, APAC head of fixed income iShares and institutional index at Blackrock. This episode discusses the democratisation and modernisation of the bond market since the GFC, how the concentration of the issuers has evolved, liquidity dynamics, whether ETFs have changed the structure of the market, the impact of algorithm traders and how bonds ETFs have performed during the COVID crisis alongside the impact of the Fed and Treasury support programs.