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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 MatchesCouponCouponThe interest payment on a bond, so-named because bonds originally were pieces of paper with small sections, called coupons, that were cut off and exchanged for the interest payments. 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. Current couponCurrent couponA bond selling at or close to par, that is, a bond with a coupon close to the yields currently offered on new bonds of a similar maturity and credit risk. Zero coupon convertible securityZero coupon convertible securityA zero-coupon bond convertible into the common stock of the issuing company after the stock reaches a certain price, using a put option inherent in the security. Also refers to zero-coupon bonds, which are convertible into an interest bearing bond at a certain time before maturity. Coupon equivalent yieldCoupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. Further SuggestionsCurrent coupon issuesSplit coupon bond High coupon bond refunding Coupon rate Long coupons Low coupon bond refunding Coupon equivalent rate Level coupon bond Full coupon bond Pass through coupon rate coupon Coupon Coupon bond ex coupon |
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