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Coupon pass |
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Coupon passCanvassing by the desk of primary dealers to determine the inventory and maturities of their Treasury securities. The desk then decides whether to buy or sell certain issues (coupons) in order to add or withdraw reserves.Coupon pass Similar MatchesCoupon equivalent yieldCoupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. Coupon bondCoupon bondA bond featuring coupons that must be presented to the issuer in order to receive interest payments. Ex couponEx couponA bond sold without the right to the next interest payment. Weighted average CouponWeighted average CouponThe weighted average of the gross interest rates of mortgages underlying a pool as of the pool issue date; the balance of each mortgage is used as the weighting factor. Full coupon bondFull coupon bondA bond with a coupon equal to the going market rate; the bond is therefore selling at par. Further SuggestionscouponLevel coupon bond Low coupon bond refunding Coupon Zero coupon convertible security Split coupon bond High coupon bond refunding Coupon Long coupons Current coupon issues Coupon rate Coupon equivalent rate Current coupon Pass through coupon rate |
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