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The "price" of an asset-backed security is usually quoted as a spread to a corresponding swap rate. For example, the price of a credit card-backed, AAA rated security with a two-year maturity by a benchmark issuer might be quoted at 5 basis points (or less) to the two-year swap rate." [9]
This difference in convexity can also be used to explain the price differential from an MBS to a Treasury bond. However, the OAS figure is usually preferred. The discussion of the "negative convexity" and "option cost" of a bond is essentially a discussion of a single MBS feature (rate-dependent cash flows) measured in different ways.
Bundesschatzanweisungen (Schätze) - 2 year Federal Treasury notes; Bundesobligationen (Bobls) - 5 year Federal notes; inflationsindexierte Bundesobligationen (Bobl/ei) - 5 year inflation-linked Federal notes; Bundesanleihen (Bunds) - 10 and 30 year Federal bonds; inflationsindexierte Bundesanleihen (Bund/ei) - 10, 15 and 30 year inflation ...
The 1S51M3-2 radar system of the 9K33 Osa TELAR received the NATO codename Land Roll. It was derived from the naval 'Pop Group' radar system but is smaller as it does not require a stabilisation system. An improved system, the Osa-AKM (NATO reporting name SA-8B 'Gecko' Mod 1) was first seen in Germany in 1980. It had improvements to the ...
Within this time frame, there are short-term bonds (1-3 years), medium-term bonds (4-10 years) and long-term bonds (10 years or more). At the end of this term, known as the maturity date, the full ...
The coupon rate (or nominal rate) on a fixed income security is the interest that the issuer agrees to pay to the security holder each year, expressed as a percentage of the security's principal amount . [1] [2] [3] The current yield is the ratio of the annual interest (coupon) payment and the bond's market price. [4] [5]
Assets and expenses are two accounting terms that new business owners often confuse. Here’s what each term means and how to use them in accounting. Assets vs. Expenses: Understanding the Difference
Fixed assets may also depreciate over time and can require regular maintenance to maintain their usability. Think of the maintenance requirements that come with owning a car such as oil changes ...