A debt security which is issued to savers by a government for the purpose of collecting money that will be...
A certificate of deposit (CD) that offers an investor the choice to combine any desired maturity and deposit size to...
A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...
In relation to floaters and inverse floaters (and other similar floating rate instruments such as inverse floating-rate CMO), it is...
In relation to floaters and inverse floaters (and other similar floating rate instruments such as inverse floating-rate CMO), it is...
The yield on a taxable bond issue after income taxes are paid. It is computed as follows: tax-equivalent yield =…
The yield on a taxable bond issue after income taxes are paid. It is computed as follows: taxable-equivalent yield =…
A slang term for a set of special or exceptional features that are added to ordinary investments or instruments in...
In the U.K, it is used to refer to a bond swap. It is a trade that involves the sale...
A note, similar to commercial paper, which is used to finance project facilities. It comes at a lower interest cost...