An abbrevaition for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread…

The percentage change in a bond price in response to changes in interest rates. In calculation, it captures bond price...

A curve that depicts the relationship between the annual yield on a coupon bond (coupon-bearing bond) and its price. Coupons...

The all-inclusive price of a bond. That is, the market price of a bond or a similar fixed-income security in...

The difference between the bond’s price and its equity value or parity, expressed as a percentage: Premium = (convertible price-...

The weighted average price that is paid to stockholders in a two-tier tender offer. For instance, if 60% of shares...

A tool that measures the average length of time the holder of a bond has to wait before receiving cash...

An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...

A measure of the creditworthiness of a bond. It sets the bond’s Z-spread curve against the CDS contract (CDS spread)....

The amount by which a bond's price falls below its maturity value (i.e., par value). In other words, it is...