摘要:
A trading strategy that is based upon the yield curve and used for interest rate futures. Investors hope to achieve capital gains by employing this strateg[阅读全文:]
摘要:
A bond that features an option for the holder to force the issuer to redeem the bond before maturity at par value. An investor may choose to shorten the ma[阅读全文:]
A bond index that estimates the approximate yield that an investor will receive if he or she invests in revenue bonds maturing in 30 years. This index is c[阅读全文:]
摘要:
A short-term debt security issued on the premise that future revenues will be sufficient to meet repayment obligations.
|||RANs are generally[阅读全文:]
摘要:
A municipal bond supported by the revenue from a specific project, such as a toll bridge, highway, or local stadium.
|||This differs from gen[阅读全文:]
摘要:
A bond that can be converted to cash, debt or equity at the discretion of the issuer at a set date. The bond contains an embedded derivative that allows th[阅读全文:]
摘要:
A synthetic instrument that shares characteristics with both bonds and stocks. Reverse convertible notes typically provide high coupon payments and final p[阅读全文:]
摘要:
The additional fixed spread above the index underlying a floating-rate security.
|||For example, if a floating-rate note has a rate based on [阅读全文:]
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A type of security whose cash flows come from residential debt such as mortgages, home-equity loans and subprime mortgages. This is a type of mortgage-back[阅读全文:]
摘要:
A type of inverse floating-rate bond created by dividing the income from a municipal bond into two portions. The municipal bondholder will create two new s[阅读全文:]