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Yield Curve

A graph that plots the relationship between yield to maturity (YTM) and maturity for a set of similar bonds (or...

SURF

It stands for step-up recovery floating-rate note; a floating-rate note (floater or FRN) that typically pays 50% of a Constant-...

Step-Up Recovery FRN

A floating-rate note/ floater (FRN) that typically pays 50% of a Constant- Maturity Treasury (CMS) rate plus a specific spread...

Step-Up Recovery Floater

A floating-rate note/ floater (FRN) that typically pays 50% of a Constant- Maturity Treasury (CMS) rate plus a specific spread...

Open Repurchase Agreement

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open repurchase agreement...

Open RP

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open RP is...

Open Repo

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open repo is...

BA

It stands for borrower arbitrage; a type of one-way arbitrage which capitalizes on violations to the law of one price...

Borrower Arbitrage

A type of one-way arbitrage which capitalizes on violations to the law of one price (LOP) for borrowing rate (ask)....

OA

It stands for owner arbitrage; a type of one-way arbitrage which capitalizes on violations to the law of one price...