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Cetes Bond

It stands for “certificados de tesoreria”, which is a peso-denominated short-term treasury bill (zero coupon bill) issued by the Mexican...

YTAL

It stands for yield-to-average life; the yield which is calculated using the point at which half of the bonds (known...

YTC

It stands for yield to call; the return on a callable bond which is likely to be redeemed at a...

Yield To Call

The return on a callable bond which is likely to be redeemed at a call price before it reaches maturity....

Auto-Callable Bond

A structured fixed-income security (bond) that allows the holder an early redemption if a predefined event (early redemption event, or...

Coupon-Bearing Bond

A bond that pays interest on surrender of the coupons, clipped from its certificate. The holder of a coupon-bearing bond...

Zero-Coupon Instrument

A debt instrument that promises investors (holders/ buyers) a single fixed payment on a preset future date. In other words,...

Z-Tranche

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on a Z-tranche but no cash payments will...

Z-Bond

An tranche of a collateralized mortgage obligation (CMO) that accrues by adding the interest amount to the face value of...

ZC Indexed Bond

An index linked bond that pays no coupon (hence, the zero coupon, ZC), whilst repayment of its principal is linked...