An investment strategy that involves exiting one sector in order to enter another, in an attempt to maximize profits or...

A reverse repurchase (repo) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer...

The risk that a guarantor of a structured product becomes insolvent, and as a result defaults on its obligations associated...

The difference between the general collateral rate (general repo rate) and the specific collateral rate (special repo rate): s =...

A type of investment risk that arises from spikes in market volatility or substantial market swings, consequently affecting specific types...

A preferred stock that is issued by one firm and backed as to dividends by one or more other firms....

The price of a convertible as quoted inclusive of accrued interest. Some Euroconvertibles such as French convertible bonds are normally...

A foreign bond that is privately placed in Japan in currency other than yen (hence it is called a Euro-yen...

The basis amount that results from the difference between the current clean price of a bond and the clean price...

The sensitivity of a convertible’s delta to changes in the underlying share price (mathematically, it is a second-order partial derivative...