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On-The-Run Issue

An issue of debt securities that carries an interest rate very close to the prevailing market rates (in the secondary...

Absolute Yield Spread

The difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities....

Yield Spread

The difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities....

Yield Ratio

The quotient of two bond yields, i.e., the ratio of the yield on some bond to the yield on a...