It stands for realized compound yield; a measure of yield that reflects the actual yield-to-maturity earned on an investment (security)....

A single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time in the future. It involves…

It stands for pay-in-kind debenture; a bond that confers on the issuer the option to pay interest with additional pay-in-kind...

A PSA range within which the underlying mortgage collateral should remain over time so that a PAC bond would stick…

It stands for municipal option put security; a municipal fixed income security (e.g., a municipal bond) that comes with a detachable…

An absolute return barrier note (ARBN) (a structured product) in which the coupon is linked to an underlying security or…

It stands for sustainability-linked repo; a repo transaction/ trade (repurchase agreement/ RP) whose financial and/ or structural characteristics are linked...

An interest rate swap (IRS) whose maturity doesn’t exceed 2 years. A short-term interest rate swaps (STIRS) involves the settlement…

A zero coupon swap (ZC swap) in which payments are reversed. That is the zero coupon payment is made at…

An abbreviation for short-term interest rate contract. STIR contracts may take the form STIR futures, STIR option, STIR swap, etc.…