the bond markets had effectively closed; no one could trade out of anything,or not without suffering horrendous losses.it was as if a bomb had hit; traders looked at their acreens,and the screens stared blankly back. Buyers were simply nowwhere to the found."August thirty-fist was a unique day, " said Curtis Shambaugh,the bond strategist at Credit Suisse First Boston. "So few is sues traded,you had to guess where they were."For a fund that had to lighten its load, the month had ended with the most nightmarish kind of bond market imaginable: no bond market at all