Liquidity: You Don’t Miss It Until It’s Gone

Liquidity may pose a challenge to the bond
market in the form of: 1) more volatile interest
rate movements; and 2) greater swings in lowerrated
or more economically sensitive bonds.
We view near-term liquidity risks as
manageable and remain focused on more
credit-sensitive sectors such as bank loans
and high-yield bonds.

Bond Market Perspectives Oct 15 2013

Jason A. Jennings, CFP®
Managing Partner
6 W. 2nd St.
Frederick, MD 21701
240.215.4709 office
240.439.4475 fax
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The CERTIFIED FINANCIAL PLANNER™, CFP® are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”).