A second-order sensitivity; it is a tool that measures of the sensitivity of a bond or portfolio’s duration to a...
In relation to bonds, it is the risk (a type of interest rate risk) that the reinvestment rate will drop...
An interest-only bond (tranche) that receives the excess interest (difference between the coupon rate on the underlying tranches and the...
A bond trading strategy in which profits are made by changing yield spreads among different sectors of the bond market....
A bond (floater) with a coupon that depends on two different floating-rate indexes. Typically, this bond pays an above-market fixed-rate...
A bond duration that expresses the bond yield with a compounding frequency of a specific number of time per year,...
The weighted average price that is paid to stockholders in a two-tier tender offer. For instance, if 60% of shares...
A tranche of a collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular and unstable cash flows...
A convertible bond in which the conversion price is not predetermined but is kept floating. This bond converts into the...
A drachma- denominated bond that was issued by a non-resident (non-Greek entity) in the Greek domestic market. A marathon bond...