- 行业: Financial services
- Number of terms: 73910
- Number of blossaries: 1
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Applies mainly to convertible securities. Difference in current yield between the convertible and the underlying common.
Industry:Financial services
Models that can incorporate different volatility assumptions along the yield curve, such as the Black-Derman-Toy model. Also called arbitrage-free option-pricing models.
Industry:Financial services
Investments that position a portfolio to capitalize on expected changes in the shape of the Treasury yield curve.
Industry:Financial services
Mainly applies to convertible securities. Graph showing the term structure of interest rates by plotting the yield of all bonds of the same quality with maturities ranging from the shortest to the longest available.
Industry:Financial services
The interest rate at which a tax-exempt bond and a taxable security of similar quality give the investor the same rate of return.
Industry:Financial services
The difference in yield between different security issues usually securities of different credit quality.
Industry:Financial services
Investments that position a portfolio to capitalize on expected changes in yield spreads between sectors of the bond market.
Industry:Financial services
A yield calculation in which bonds are retired routinely during the life of the issue. Since the issuer buys its own bonds on the open market because of sinking fund requirements, if the bonds are trading below par, this action provides automatic price support for these bonds and they will usually trade on a yield to average life basis.
Industry:Financial services
The percentage rate of a bond or note if the investor buys and holds the security until the call date. This yield is valid only if the security is called prior to maturity. Generally bonds are callable over several years and normally are called at a slight premium. The calculation of yield to call is based on coupon rate, length of time to call, and market price.
Industry:Financial services
