摘要:
A term describing a bond whose price is below the face value or principal value, usually $1,000. As bond prices are quoted as a percentage of face value, a[阅读全文:]
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A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. A[阅读全文:]
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When the sale of a mortgage in the secondary mortgage market requires that the seller, usually a mortgage originator, make a "best efforts" attempt to de[阅读全文:]
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A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly used for calculating changes[阅读全文:]
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Price quotation for a security expressed in terms of yield to maturity. This will usually only be quoted on fixed-income securities such as bonds.
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- Bear Flattener
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摘要:
A yield-rate environment in which short-term interest rates are increasing at a faster rate than long-term interest rates. This causes the yield curve to f[阅读全文:]
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A widening of the yield curve caused by long-term rates increasing at a faster rate then short-term rates. This causes a larger spread between the two rate[阅读全文:]
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A fixed-income instrument that is owned by whoever is holding it, rather than having a registered owner.
Coupons representing interest payments ar[阅读全文:]
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A quoting convention used by financial institutions when quoting prices for fixed-income securities sold at a discount, particularly U.S. Government issues[阅读全文:]
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A security with an interest rate guaranteed by a bank. It provides a specific yield on a portfolio over a specified period.
|||A BIC is a relatively [阅读全文:]