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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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One of the principal criteria for judging the investment quality of a bond or bond mutual fund. As the term implies, credit quality informs investors of a [阅读全文:]
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The risk of loss of principal or loss of a financial reward stemming from a borrower's failure to repay a loan or otherwise meet a contractual obligation.[阅读全文:]
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A method of redeeming bonds using surplus funds provided from an unrelated bond issue. Cross calling occurs when a lender, which repackages its loans into [阅读全文:]
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A provisions in a bond indenture or loan agreement that puts the borrower in default if the borrower defaults on another obligation.
Also known as [阅读全文:]
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The revenue stream pledged to secure "securities being refunded" is being used to payoff debt on the refunded securities until they mature.
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A currency system that establishes a trading range that a currency's exchange rate can float between. A currency band represents the price floor and ceili[阅读全文:]
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A bond with a coupon rate that is within 0.5% of the current market rate. Current coupon bonds are typically less volatile than other bonds with lower c[阅读全文:]
摘要:
1. The broad market for companies looking to raise funds through debt issuance. The credit market encompasses both investment-grade bonds and junk bonds, a[阅读全文:]