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The final tranche in a series of mortgage-backed securities that is the last one to receive payment. Used in some collateralized mortgage obligations (CMO)[阅读全文:]
A special type of bond class in a sequential pay collateralized mortgage obligation. This class of bond does not receive any interest or principal payments[阅读全文:]
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The supposition that scheduled principal and interest will be paid off with no installments. This is typically done as a means of providing a benchmark [阅读全文:]
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A debt security that doesn't pay interest (a coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full[阅读全文:]
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A certificate of deposit (CD) that is purchased at a largely discounted rate. It differs from a traditional CD in that interest payments are not received y[阅读全文:]
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A fixed income instrument that is a combination of a zero-coupon bond and a convertible bond. Due to the zero-coupon feature, the bond pays no interest and[阅读全文:]
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The rate of return anticipated on a bond if it is held until the maturity date. YTM is considered a long-term bond yield expressed as an annual rate. The c[阅读全文:]
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The lowest potential yield that can be received on a bond without the issuer actually defaulting. The yield to worst is calculated by making worst-case sce[阅读全文:]
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A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity dates. The most frequently repor[阅读全文:]
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The point on the yield curve indicating the year in which the economy's highest interest rates occur.
|||Yield curves play an important role[阅读全文:]