High-risk segment
A separate trading regime to which the exchange moves issues of borrowers in default or in serious trouble.
How to read the number
The transfer is a warning that the bond has stopped being an ordinary one: access is restricted and the terms of trading change.
When the metric lies
Liquidity falls after the transfer while the number of holders wanting out rises. Selling at the price visible before the move usually no longer works.
Also known as: increased investment risk sector