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A term structure theory suggesting that different bond investors prefer one maturity length over another and are only willing to buy bonds outside of their[阅读全文:]
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First introduced by Merrill Lynch, PRIDES are synthetic securities consisting of a forward contract to purchase the issuer's underlying security and an in[阅读全文:]
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The most basic type of forward claim that is traded in the over-the-counter market between two private parties, usually firms or financial institutions. Th[阅读全文:]
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A class of tranche in a planned amortization class (PAC) bond that receives a primary payment schedule. As long as the actual prepayment rate is between a [阅读全文:]
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An asset that is transferred to a lender for the purpose of securing debt. The lender of the debt maintains possession of the pledged asset, but does not h[阅读全文:]
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A ratio that calculates the amount of bonds sold during the week as a percentage of the amount of municipal bonds that are issued during the corresponding [阅读全文:]
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A bond issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract.
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A short-term paper on which the rate is denominated and paid in a base currency. However, the rate movement is based on the exchange rate with an alternate[阅读全文:]
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A bond with no maturity date. Perpetual bonds are not redeemable but pay a steady stream of interest forever. Some of the only notable perpetual bonds in e[阅读全文:]
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A constant stream of identical cash flows with no end. The formula for determining the present value of a perpetuity is as follows:[阅读全文:]