E-bonds, licensed to kill.

Discusses efforts by various financial companies to market bonds electronically over the Internet, such as Warburg Dillon Read, Merrill Lynch and Salomon Smith Barney, the World Bank and others. Experience of finance companies with the equity market and the growth of electronic commerce of equities; Closed nature of the fixed-income markets in the United States and concerns over the lack of openness by the US Securities and Exchange Commission (SEC).