A jargon phrase that refers to the stocks and bonds of companies whose primary business activity is defense contracting. For…
A bond swap and particularly a form of the intermarket spread swap whereby an investor may be compensated for the…
A debt security which is issued to savers by a government for the purpose of collecting money that will be...
A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...
A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. An advance…
An abbrevaition for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread…
The up-front price a call option buyer (long) pays to a call option seller (short) against the right to exercise…
A bond which is often issued by a low-rated debtor country to a creditor bank in lieu of bank credit...
A bond (a variable interest bond) whose coupon payment starts to increase after an initial period. It pays an initial…
A bond that is issued as part of a municipal bond issue not exceeding an aggregate face amount of $10…