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Yield Value of a 32nd

A measure of dollar price volatility of a Treasury security that calculates the Treasury security’s yield in response to a...

Whole Loan Repo

A term repo transaction that is collateralized by a loan or other form of obligation (e.g. mortgage receivables) rather than...

Bond Premium

The amount by which the total interest cost associated with a bond issue is lower than the total interest payment....

Bond Discount

The amount by which the total interest cost associated with a bond issue exceeds the total interest payment. For example,...

Bond Discount

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

Bond Premium

The amount by which a bond’s price exceeds its maturity value (i.e., par value). In other words, it is the…

Bond Points

A bond point is worth $10; it is a unit of measure for bond prices that is set at $10...

Bond Price

The price that investors pay, or are willing to pay, for a bond. Intrinsically, bond prices are linked to the...

Odd Coupon

An interest payment on a bond that is more or less than interest payment of typical six months. This is...

Irregular Coupon

An interest payment on a bond that is more or less than interest payment of typical six months. This is...