There is unmet demand for long-dated paper, says the Bond Market Association, an industry body.

ECONOMIST: An old favourite may return

In June 2004 Lutnick hired the Bond Market Association's general counsel, Paul Saltzman, as chief operating officer, giving eSpeed a more reasonable public face.

FORBES: Briefing Book: Howard Lutnick

But the effect of the new laws, says Michael Williams of the Bond Market Association in New York, could be simply to push secondary-market participants, fearful of liability, out of the sub-prime business altogether.

ECONOMIST: Lawmakers, state and federal, are mounting an attack

The actual monthly composition of the U.S. bond market is tallied and tracked by the Securities Industry and Financial Markets Association ( SIFMA).

FORBES: Total Bond Index Funds are Not the Total Bond Market

The rules were issued by the National Association of Financial Market Institutional Investors, an industry body tasked with overseeing China's interbank bond market and backed by the central bank.

WSJ: China Tightens Rules on Bond Issuance