An investment strategy that involves exiting one sector in order to enter another, in an attempt to maximize profits or...

An interest-only bond (tranche) that receives the excess interest (difference between the coupon rate on the underlying tranches and the...

A bond trading strategy in which profits are made by changing yield spreads among different sectors of the bond market....

A floater (floating-rate note) in which the coupon moves inversely to the movement of the reference rate. That is, if...

The interest payment (coupon) on an inverse floater; the floater offers a coupon that increases when interest rates fall and...

A collateralized mortgage obligation (CMO) that is structured as inverse floater tranches. The CMO will earn interest at rates that...

It stands for inverse interest only; an interest only (IO) security that pays a coupon inversely related to market rates...

It stands for principal-protected market-linked debenture; a market-linked debenture (MLD) whose issuer promises to pay back the principal amount (face...

An interest only (IO) security that pays a coupon inversely related to market rates (i.e.,  it moves in the opposite...

A bond (floater) with a coupon that depends on two different floating-rate indexes. Typically, this bond pays an above-market fixed-rate...