It stands for inverse interest only; an interest only (IO) security that pays a coupon inversely related to market rates...
An interest only (IO) security that pays a coupon inversely related to market rates (i.e., it moves in the opposite...
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.