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Iran peace deal would not derail case for ECB rate rise, Wunsch tells FT

BY Reuters | ECONOMIC | 12:13 AM EDT

June 3 (Reuters) - A peace deal between the US and Iran before next week's European Central Bank meeting would not derail the case for raising interest rates, Belgian central bank chief Pierre Wunsch told the Financial Times in an interview published on Wednesday.

"If a peace deal is confirmed just before the meeting, it will be part of the discussion. But we won't know whether it will last or be credible," Wunsch told the newspaper.

(Reporting by Gursimran Kaur in Bengaluru; Editing by Kate Mayberry)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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