Additionally lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

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Gary Jenkins of Deutsche Bank points out that, historically, investors have been overpaid for the default risk on high-quality corporate bonds.

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With credit quality deteriorating, default rates are bound to rise.

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The sound quality from the unit was definitely decent under the default EQ settings.

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But that is all by default - the girls say they are here to be recognised for the quality of their music, not their background.

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We were repeatedly advised that liquidity in wholesale markets depended on lending quality: good loan books would continue to attract funding when bad loan books began to default.

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