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

A hedge that involves offsetting an exposure to a risk factor, wholly or partially, by an opposite exposure to that...

A fixed-income security (usually a bond) that has no early redemption features (callability or embedded call option). Bullets (bullet securities)...

A note that has an embedded option that allows investors to switch between two types of securities. For instance, an...

It stands for price value of a basis point; a method of measuring the price sensitivity of a fixed-income security...

A method of measuring the price sensitivity of a fixed-income security in monetary terms. This reflects absolute change in the...

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

A highly rated fixed-income security that contains embedded options and doesn't necessarily reflect the risk of the issuer. In other...

A measure of interest rate risk that calculates the change in yield (of a fixed-income security) in response to a...

A structured fixed-income security (bond) that allows the holder an early redemption if a predefined event (early redemption event, or...