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ZBT

An overbought/ oversold indicator that shows the percentage of stocks that are advancing on an exchange. It is computed by...

MOTO

It stands for mortgage over treasury option, which is, by definition, a cash-settled call that is written on the mortgage...

WI

It stands for when issued; a financial transaction that involves trading a security that has not yet been issued, but...

BTD

It stands for buy the dip; in general, it refers to buying assets of a firm or country by long...

IIF

An abbreviation for inflation-indexed floor; an inflation derivative that pays out if inflation (as measured by percentage increase in the…

IIC

An abbreviation for inflation-indexed cap; an inflation derivative that pays out if inflation (as measured by percentage increase in the…

SHIELDS

It stands for synthetic high income equity-linked security; a structured equity-linked note (ELN) that is issued not by the company...

RCY

It stands for realized compound yield; a measure of yield that reflects the actual yield-to-maturity earned on an investment (security)....

Forward-Starting CDO

A single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time in the future. It involves…

PAC Band

A PSA range within which the underlying mortgage collateral should remain over time so that a PAC bond would stick…