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RORO

It stands for risk-on, risk-off; the process of two-way switching between risky and risk-free investments depending on or in reaction...

Non-Inversion Note

A note or bond whose coupons are based on the difference between two floating-rate indexes. Typically, these notes or bonds...

Bond Duration

A tool that measures the average length of time the holder of a bond has to wait before receiving cash...

Risk-On, Risk-Off

The process of two-way switching between risky and risk-free investments depending on or in reaction to risk sentiment as perceived...

Next Accrued Interest

The net interest accrued on a bond since its last ex-dividend date. The following formula is usually used to calculate...

Bond Ex-Div

An abbreviated form for bond ex-dividend; the interval between the announcement of a coupon and the payment date. If a...

Hard Call Protection

The constrained right of an issuer to redeem a convertible from holders before the passage of a specific period of...

Amortizing Bond

A bond that returns principal and interest on a regular basis. It pays a coupon and makes partial repayment of...

Bullet

A fixed-income security (usually a bond) that has no early redemption features (callability or embedded call option). Bullets (bullet securities)...

Bulldog Bond

A bond that is issued on the UK market by a foreign company (borrower), typically denominated in British pounds. This...