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Positive Yield Curve

The normal relationship between bond yields and maturity lengths that is observed when interest rates on the long-term bonds exceed...

CYN

It stands for callable yield note; a medium term note that offers yield enhancement with a contingent buffer, on one...

Mandatory Redeemable Preferred Stock

A preferred stock that is subject to mandatory redemption. More specifically, it contains terms requiring the issuer to recall the...

Multi-Callable Note

A structured note that allows the issuer to call or redeem it at its own discretion on specified dates along...

Flip-Flop FRN

A floating-rate note (FRN) that gives the bondholder the right to convert a note with a long maturity date or...

Credit Spread

The yield spread between non-Treasury securities and Treasury securities, all having identical features in exception of credit rating. Both are...

Vanilla Bond

A bond that does not carry any special features- i.e., it has no clauses granting conversion or warrant privileges. A...

Plain Vanilla Bond

A bond that does not carry any special features- i.e., it has no clauses granting conversion or warrant privileges. A...

Straight Bond

A bond that does not carry any special features- i.e., it has no clauses granting conversion or warrant privileges. A...

Mismatch Floating-Rate Note

A floater (floating-rate note) in which the coupon is payable after more than one coupon period. That is the interest...