An inverse floater whose coupon moves inversely with respect to interest rates by more than one for one. The floater is equipped with a coupon leverage- i.e.,...

A method of transporting the active return (alpha) among asset classes by separating and transporting uncorrelated incremental returns from one...

A bond which allows the holder to receive a guaranteed minimum rate plus extra coupon payments up to a specific level if the issuer...

The relative difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities. It is the ratio of the yield...

A bond that contains a provision giving the issuer the right to buy back (call/ redeem) the bond at a predetermined...

A bond that contains a provision giving the issuer the right to buy back (call) the bond at a predetermined price (call...

In connection with convertibles, it stands for discount reverse convertible; a reverse convertible which consists of a zero-coupon bond (discount bond) and a...

A reverse convertible which consists of a zero-coupon bond (discount bond) and a plain vanilla put option. The investor issues the put option (short put)...

With respect to a convertible bond, it is the change in the bond price resulted from a single basis point increase in the credit spread. In...

A bond which is typically issued with a special provision allowing the initial interest to be reset on specified dates so...