Rates traders are showing little concern that the Turkey-induced turmoil spreading across emerging markets will extend stateside. Yields held steady Monday and strategists saw limited potential for a surge in safe-haven demand. Treasuries posted modest gains last week, but are still trading well within recent ranges. The market hasn’t picked up a strong flight-to-quality bid, even as […]
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*Risk Disclosure Statement
Debt Securities and debt-linked investments offer fixed returns over a defined period and are intended to be held to maturity. These instruments carry a significant amount of risk such as credit, currency and liquidity risks. Credit risk arises from default events that may result in the inability of the issuer to pay interest or principal. Default risk is high when credit rating is non-investment grade or non-rated. In a default situation, the buyer may lose both interest and principal. Currency risk arises from holding Debt Securities that are issued in foreign currency, hence exposing the buyer to fluctuations in exchange rate. There is a high chance that if the currency moves adversely, the buyer may lose more than his original interest and principal. Liquidity risk refers to the availability of prices for buying or selling into a market. It is common for most Debt Securities to suffer from poor liquidity because they are quoted over-the-counter.
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