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Bond Yield Warrant

A warrant whose value is linked to bond yields so that investors can take a view on the direction of…

Fixed-Income Derivative

A derivative contract whose value is derived from the value of a fixed-income security, that is, it has it as...

Note

A debt security that constitutes a promise to pay interest during the term over which the issuer (borrower of funds)...

Laddered Bond Portfolio

A portfolio that is constructed by purchasing a series of fixed-income securities (e.g., bonds) with "laddered" (i.e., far to further...

Laddered Fixed-Income Portfolio

A portfolio that is constructed by purchasing a series of fixed-income securities (e.g., bonds) with "laddered" (i.e., far to further...

Contingent Takedown Option

An option to purchase a fixed-income security which is newly issued and attached to another "on the run" fixed-income security....

Dirty Price

The all-inclusive price of a bond. That is, the market price of a bond or a similar fixed-income security in...

Fixed-Income Security

From the perspective of an issuer, a fixed-income security is a financial obligation for payment of a specific amount of...

Delta of a Convertible

The sensitivity of a convertible’s price to changes in parity value. More specifically, it measures the equity sensitivity of the...

Current Coupon

A bond with a current coupon has an interest coupon very close to the coupons being carried on new issues...