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A paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with terms of a contract. Types[阅读全文:]
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A bond covenant that limits or restricts any additional debt that may be incurred by the issuer. Debt limitations look to protect the current lenders by ma[阅读全文:]
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A rule that states that capital gains tax must be paid on a bond if the bond was purchased at a discount to the face value in excess of a quarter point per[阅读全文:]
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The median value of all Wall Street securities dealers’ prepayment speed estimates for the underlying mortgages used to form mortgage-backed securiti[阅读全文:]
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A security backed by life insurance which is derived by pooling together a number of transferable life insurance policies. Similar to mortgage-backed secur[阅读全文:]
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The to-be-announced (TBA) mortgage security of any issue for the current delivery month that is trading closest to, but not exceeding par value. TBA mortga[阅读全文:]
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The current par value of a mortgage-backed security (MBS). Current face is determined by multiplying the current pool factor by the mortgage-backed securit[阅读全文:]
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The interval between the present date and the maturity date of a bond.
|||For example, in 2003, a bond that was issued in 2000 with a maturit[阅读全文:]
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A type of callable bond that sells at a premium because the issued coupon payments are above market interest rates.
|||Mostly chosen by investors in[阅读全文:]
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A decimal representing the portion of an annual yield earned in one day. Daily factors are often reported alongside current annualized yield figures, and c[阅读全文:]