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Split coupon bond |
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Split coupon bondA bond that begins as a zero-coupon bond paying no interest and converts to an interest paying bond on a future date.Split coupon bond Similar MatchesLevel coupon bondLevel coupon bondBond with a stream of coupon payments that remain the same throughout the life of the bond. Coupon equivalent yieldCoupon equivalent yieldTrue interest cost expressed on the basis of a 365-day year. 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. Low coupon bond refundingLow coupon bond refundingRefunding of a low-coupon bond with a new, higher-coupon bond. Coupon passCoupon 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. Further SuggestionsFull coupon bondPass through coupon rate ex coupon Coupon bond Coupon rate Long coupons Coupon Coupon coupon Current coupon High coupon bond refunding Coupon equivalent rate Zero coupon convertible security Current coupon issues |
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