It stands for commercial mortgage-backed securities (CMBS) interest only (IO). These IOs (stripped mortgage products) are coupons stripped from an...
A debt instrument (bond) that combines the features of debt and equity. In other words, it is typically located in...
A bond that pays a fixed amount of interest (coupon) for a specific period of time and then turns into...
A perpetual FRN (perpetual floating rate note) which contains a call option given to the issuer. However, if the issuer...
It stands for price value of a basis point; a method of measuring the price sensitivity of a fixed-income security...
A method of measuring the price sensitivity of a fixed-income security in monetary terms. This reflects absolute change in the...
The difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities....
A collateralized mortgage obligation (CMO) in which principal payment allocation is based on the value of a specific index. In...
A warrant that is designed to entice potential investors to purchase the underlying debt (a bond or other debt instruments)...
With respect to convertible bonds (and also convertible preferred stocks), it is the number of shares of common stock in...