A floater (floating-rate note) in which the coupon moves inversely to the movement of the reference rate. That is, if...
The interest payment (coupon) on an inverse floater; the floater offers a coupon that increases when interest rates fall and...
A collateralized mortgage obligation (CMO) that is structured as inverse floater tranches. The CMO will earn interest at rates that...
It stands for inverse interest only; an interest only (IO) security that pays a coupon inversely related to market rates...
It stands for principal-protected market-linked debenture; a market-linked debenture (MLD) whose issuer promises to pay back the principal amount (face...
An interest only (IO) security that pays a coupon inversely related to market rates (i.e., it moves in the opposite...
A bond (floater) with a coupon that depends on two different floating-rate indexes. Typically, this bond pays an above-market fixed-rate...
An exchange-traded fund (ETF) that faithfully tracks the performance of a market index without leverage (gearing). In other words, if...
The sensitivity of a convertible’s price to changes in parity value. More specifically, it measures the equity sensitivity of the...
A bond duration that expresses the bond yield with a compounding frequency of a specific number of time per year,...