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USGG3YR

The index of US government bonds with a 3-year maturity (3-year bonds/ notes or in general 3-year treasuries). It measures...

USGG10YR

The index of US government bonds with a 10-year maturity (10-year bonds or in general 10-year treasuries). It measures the...

Intermarket Sector Spread

The yield spread between the yields offered in two sectors of the bond market with the same maturity. A prime...

Blended Rate

The weighted average cost of capital (WACC) or the average rate of return that is required by all of a...

Companion Tranche

A tranche (specifically, a CMO tranche) that is designed to protect investors from prepayment risk. To that end, it absorbs...

Running Yield

The running yield on a convertible is similar to the dividend yield on a share of stock. It is calculated...

Puttable Bond

A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This...

Puttable Range Accrual Note

A range accrual note that has an embedded put option. It allows the holder (investor) to put the note (return...

Puttable Convertible Bond

A convertible bond that is embedded with a put provision. In other words, it allows the bondholder to put or...

Current Yield of a Bond

The actual return a bondholder will receive on the bond, based on its current market price. It is given by:...