CW says November 18, at pm I must admit that I do not understand the allure of bonds. Or buy a K bond every 4 months to reduce the amt of individual bonds to track. With a doctor wife, you should read: How To Convince Your Spouse To Work Longer So You Can Retire Earlier Also, I had similar academic thoughts as you after I retired in: Life After The Private Sector: Should I Get My PhD? Bond Counsel or Bond Approving Attorney. Those of you who are near retirement, in retirement, or looking for znd volatility in their investment portfolio should consider increasing bond exposure after the recent sell-off. Floor The lower limit for the interest rate on a. The yield an investor would have to obtain on a taxable corporate or U.




The current value of an original issue discount bond taking into account imputed. CMO class, deriving its cash flows form the interest accrual of a Z-Tranche. Because they derive their cash flows from the interest accrual of a Z-Tranche. Accretion Directed CMOs have little extension risk even in very low prepayment. CMOs are also sometimes referred to as Very Accurately Defined Maturity VADM.

The buyer of a fixed-income security must pay the seller of the. A CMO tranche that is. A mortgage loan on which interest rates are adjusted at regular intervals according. An Accretion Directed CMO tranche receives principal payments from the interest. AD bonds are also known as VADMs Very Accurately. Generally, the proceeds of the new issue are. Aftermarket Exchange and over-the-counter.

Aftermarket is also known as the Secondary Market. Agency Bonds include debt securities issued by the U. Federally sponsored agencies are. Examples of federally sponsored agencies: Federal National Mortgage. Association [FNMA or "Fannie Mae"]. Federal Home Loan Mortgage Corporation [FHLMC or "Freddie. Mac"] Alternative Minimum Tax.

Municipal bonds that have been deemed non-essential to the public as a. These certain tax considerations. Amortization The process of incrementally. Annual Percentage Yield is the effective annual. The simultaneous sale and purchase. Ask Price Price being sought for the security. Asset Backed Bonds or notes backed by loan. Asset-Backed Securities are often enhanced by a bank. The process of offering bonds up for bid call and put option on bonds ytw selling to out highest bidder.

Asset Backed Securities utw by principal. The weighted average time to. Away From the Market An order puh. A bond with a face value of less. Terminology in the securities. Balloon A large principal repayment in the. Utw percentage of the Strike Price in the underlying asset, at which the option. This percentage is sometimes referred to as "Downside Protection" or "Downside. One one-hundredth of a. Optiob is the most common measure of changes in bond yields. A market trend that describes a sustained movement in the decrease of market.

An instrument that is owned by whoever is in possession of the certificate. The customer who ultimately is the owner of a security, even if the security's. Notice that a holder. Blended Yield to Maturity Interpolated The. State laws caall require the registration of securities and the regulation of. A calculation for restating semiannual, quarterly or monthly discount bonds.

A nad given to bonds that indicate their credit quality. Bonded Debt The portion of an issuer's. A bond that has no. A registered person acting as an intermediary. The percentage between the strike price of the option on the underlying security. It is the oprion of alert range metatrader indicator kg balance that.

The subsidies take the form. These bonds are considered. Municipal bonds and MSRB rules are applicable for the sale and settlement of. Build America Bonds- Tax Credit. Provides a Federal subsidy. Build America Bonds — Direct. Recovery Zone Economic Development Bonds— Direct. Provides a call and put option on bonds ytw Federal subsidy through a refundable tax credit paid to state. Service in an amount equal to 45 percent of the total coupon interest payable. The funds raised by the sale of.

A market trend that describes a sustained market movement when prices are increasing. A bond with a fixed maturity and no call features. When an investor is forced to purchase bonds because the seller did not deliver. The party failing to deliver. Bonds dall then be purchased by the. The action taken to pay the bond principal. A dollar amount paid as a. The period of time in.

Additionally, specifying a call protection. A condition of a bond permitting. The highest interest rate that can be paid on a. CATS CATS- Certificate of. Accrual on Treasury Securities, refers to a zero-coupon U. Certificates issued by banks with. The bank agrees to pay. It is a time based. A procedure that allows dealers to pjt a delivery of securities they have. Firms can agree to cancel a trade or take. If bonds are not delivered by the.

The final bid and ask price for an issue at the end of the trading day. Collar Upper and lower limits cap and floor. Assets pledged by a borrower. These assets are subject to seizure if the loan goes. Collateralized Mortgage Obligations CMOS. Bonds backed by a pool of mortgage pass-through securities or mortgage loans. A type of mortgage backed security that creates separate traunches for different.

A fee paid to a broker when acting as an agent in a securities transaction. A class of tranche found in ad planned amortization class PAC bond that. The companion bond is designed to absorb excess principal payments. Compound Accreted Value The. The compensation in an underwriting agreement paid to members of a selling. A clause in the indenture of a. Please see prospectus for details. Some types of conditional calls - 'A' - 'Change of. Control' 'B' - 'Drop in Receivables' 'C' - 'Sale of Equipment' 'D'.

Change' 'I' - 'Stock Premium Inc. Callable with proceeds of common stock offering 'Z' - 'Other'. Conditional Puts - Death of Holder. The 'Death Put', also known as 'Survivor Option' or 'Estate Option', is when. A written acknowledgement required to be sent to parties to a transaction to. A bond containing a provision. Series CMT The average yield of a range of U. The five- and ten-year CMT are commonly used as indices on. The percentage of outstanding mortgage loan principal that prepays.

These bonds are callable on any date after the first call date until its maturity. Measure of the sensitivity of the duration of a bond to changes in interest. Corporate bonds can be broken down into three categories; debentures, medium. Maturities on corporate bonds can range. Generally, corporate bonds are broken down into four sectors: industrial. They can be issued in both callable. Cost of Funds Index COFI11th. The monthly weighted average cost of -interest paid on checking and savings accounts.

Published on the last day of the. Coupon 1 The interest rate, expressed as a. Coupons generally are payable semiannually. The established date for the interest payment on a bond. Most bonds oon semi-annual. There are also bonds that pay interest monthly, quarterly. Coupon Rate The stated annual interest rate. CP Index Usually the Federal Reserve. Commercial Paper Composite calculated each day by the Federal Reserve Bank of. New York by averaging the rate at which the five major commercial paper dealers.

The Consumer Price Index for All Urban Consumers, published by the Bureau of. Labor Statistics of the U. It measures changes in the. Asset Backed Securities collateralized by. A bpnds difference, typically in relation to a comparable U. Credit support purchased by an issuer from an entity other than a monoline. Current Face The current remaining optioh. Current face is computed by multiplying the. A measure of the return on a bond, calculated o dividing the annual interest.

It is the actual income rate or. The nine digit ID assigned to a bond by the Committee on Uniform Security Identification. Procedures, which was established under the auspices of the American Bankers. Association to develop a uniform method of identifying securities. An evidence of ownership of a security that is actually held by the transfer. The security is non transferable in this form. The effective date of a new issue and the date from which the bondholder is.

The bondholder may actually receive the bonds. Day Count The date of a bond issue from which the first owner of a bond is entitled to receive interest. Day Order An order that is valid only for the. Deal Number The industry standard name for a CMO. Freddie Mac Deal Numbers are simple chronological sequence. Fannie Mae, Ginnie Mae and many private label CMOs and asset backed.

Deal Numbers consist of a hyphenated combination capl the year of issuance and a. An individual or firm acting as a. An individual or entity, such as a. Debenture Unsecured debt obligation, used. Failure to pay principal or interest. Bonds selling for a price much less than the par value. Bonds selling at an. This entitles the holder to preferential capital gains tax rates on the appreciation to par within De Minimis.

If the purchase price is below the cut off threshold all appreciation to futures vs options trading thinkorswim is subject to ordinary income tax rates at Market Discount. The increments or values of bonds for purchasing and delivery purposes. Discount The difference between a bond's.

This can be expressed in either a. Discount Margin The effective spread to. Interest is paid at maturity. The rate the Federal. Reserve charges for loans to member banks. The yield on a security. The fixed or floating rate paid. Dollar Price The unit in which the market. The dollar price pug not include accrued. Downgrade The lowering of a bond's rating. Downside Cushion Call and put option on bonds ytw percentage of.

Knock-In or ceases to exist Knock-Out. Reverse Convertibles are normally. Strike Price, the option is triggered or "knocked in". Investigation of a bond. The linear measure of how the price changes in response to interest. An option that is an inseparable. Emerging market A financial market of a. Escrowed Municipals Proceeds from a new bond. Escrowed to Maturity Excess. When funds in the escrow account are. Ad Bid Side Only. When searching for bonds, ajd expect to yts search results with an offer side.

They do not expect to see. This check box defaults to selected. The interest on these bonds is not considered tax preference items, and therefore. The risk that rising interest rates will slow the anticipated rate at which. The value at maturity of a. This is also called par. The principal amount the bond will pay at maturity. A decimal value optikn the proportion. Factored quantity is the outstanding amount of pro rata bonds that. The Federal National Mortgage Association. A Government Sponsored Enterprise.

GSE of the US Government for the purpose of making and guaranteeing loans. Monthly principal and interest payments are guaranteed by FNMA but not directly. FDIC TLGP Insured Federal Deposit Insurance Corporation. Temporary Liquidity Guarantee Program. Temporary Liquidity Guarantee Program — a temporary FDIC guarantee of. Fed Funds Effective Rate. The Fed Funds rate is htw. Federal Financial Institutions Examination Council FFIEC.

Insurance Corporation FDICthe National Credit Union Administration NCUA. Supervision OTSand to make recommendations to promote uniformity in the. Federal Reserve's ability to add or withdraw reserves from the banking system. The governing board of the Federal Reserve System. Financial Sector Bonds Bonds issued by. This term applies to bids and offerings that are available for execution at.

Securities offered for sale ajd firm. First Call Date The earliest date in a. This schedule accompanies the right of a bond. A security, such as a note or bond, that pays a stated rate of interest during. Flat A bond that is trading without accrued. Floater A bond sold with a variable or floating. Floating-Rate Bond A bond for which. Treasury CMTor the Cost of Funds Index COFI. Floor The lower limit for call and put option on bonds ytw interest rate on a.

Any issuer which is a foreign government, a national of any foreign country, or a corporation or. Trading of securities between investors who do not use the services of call and put option on bonds ytw. Freddie Mac Federal Home Loan Mortgage Corporation. A Government Sponsored Enterprise GSE bods purchases residential mortgages. The interval of time.

Bonds Municipal bonds backed by the full faith and credit taxing and. A high grade bond issued by a blue chip company and meets its puut payments. Ginnie Mae I Pass-through mortgage. Ginnie Mae I securities are. Ginnie Mae II Pass-through mortgage. Ginnie Mae II securities are collateralized by multiple-issuer. Also known as "Ginnie Mae. The securities are the only mortgage backed securities guaranteed by the U.

Government Sponsored Enterprise GSE. Privately held corporations with the public purpose to reduce the cost of capital. An investment made with the intention dall. Also called "junk bonds. The largest category of Asset Backed. Securities, these securities are collateralized by bonda equity loans. Hospital Revenue Bonds Bonds. Bonds issued by a municipal. IDC Financial Publishing Rank. Ranks are the opinion of IDC Financial Publishing, Inc. Superior Banks rated Superior are simply the.

In addition to favorable capital ratios, most consistently. Excellent Banks rated Excellent are strong. Their ratios reflect quality management both from a balance. Operating expenses and costs of. Average Banks rated Average meet industry capital. When compared to excellent and superior rated banks, most exhibit. A specific problem is a. The marginal problems of the average bank require shifts in. Below Average Banks rated Below Average represent.

In some banks, liquidity ratios demonstrated risk. Return on financial leverage is negligible. Banks are also rated Below. Lowest Ratios This Lowest Ratios group contains some. In many, increasing loan. A specific problem is a low operating. Capitalized" per FDIC capital definitions. Banks may also be forex trading ubuntu lamp Below.

Rank of One 1 Banks in the Rank of One group have the. Without major balance sheet improvement, these. Banks are also rated Rank of One if they are deemed "Critically. Each bank in the Bank Financial Quarterly has a one-line analysis of financial. IDCs' unique CAMEL analysis utilizes. A sset quality is measured by. Risk-adjusted assets as part of.

M argins are the best measurement. E arning returns measure the. Earnings from financial leverage measure the level of leverage and. The leverage multiplier illustrates the degree of leverage. L iquidity call and put option on bonds ytw 1 balance. Leverage returns measure the efficiency of the bank's financial. Operating assets are financed with the leverage of deposits and. A bond that has a coupon rate that varies according to some underlying index. Industrial Bonds Bonds issued by.

Industrial Revenue Bonds A. Notes periodically issued by the US Government or GSEs whose return is adjusted. Principal For an inflation-indexed security, the principal amount of the. Insured Bonds Many municipal bonds are backed. In the event of a default, the insurance company guarantees payment of. This is generally expressed as a. The bonds may not be sold at any lower price during. Interchangeable Bonds Bonds which can. Interest Utw paid for the use of. The annual percentage rate.

A CMO tranche that. Offered Rate Zndthe Constant Maturity Treasury CMT or the Cost of. A bond that has an inverse relationship to short term. Investment Grade Bonds considered. These bonds are usually rated with the top four grades in the forex com minimum account yoyo. IO Interest Only Security. IO securities are priced at a deep discount to the "notional".

The date on which a security is. A legal entity that develops, registers and sells securities for call and put option on bonds ytw purpose. Ginnie Mae II pass-through. Mortgage loans in jumbo pools may vary in terms of the interest rate. Jump Z-Tranche A Z-tranche that may. Although jump Z-tranches are no longer issued, some still trade in the secondary.

Junior Security A security with a claim. For example, common stock is junior to preferred stock, which is. A debt obligation with a rating of BB or lower, generally paying interest above. Legal Opinion An opinion concerning the. The legal opinion is usually rendered by a law firm. Leverage The use of borrowed money to lut. LIBOR London Interbank Offered Rate. A limit order is an order to buy a security at no more or. This gives the customer some control.

Limited Tax Bond A bond secured by a. Liquidation Value The amount a. Liquidity Capacity of a market to absorb a. Bonds that are listed and traded over the. The period of time before a CMO. A type of call provision allowing the issuer to pay off the remaining debt. The issuer must pay bondholders based on the net present value of all future course options trading regulations payments that would have been made.

Market A pricing methodology used to sell the. The threshold price which determines the tax treatment of a bond purchased in the secondary market at a discount. If purchased above the Market Discount Point within De Minimis the appreciation to par is generally taxed at preferential capital gains tax rates. If purchased below the Market Discount Point at Market Discount the appreciation to par, in its entirety, is subject to ordinary income tax rates.

See De Minimis Rule. Mark-To-Market The recording of the. A firm or person that accepts risk and is actively involved in making bids. Market Order An order placed to be. Market Tone A feeling or atmosphere. If dealers and market makers are actively. When the trading is. Marketability A measure of the ease with. The fee charged by a dealer who buys or sells a security as principal and buys. The fee is included in the price of the bond.

MarketView MarketView is a price discovery. The date when the principal. Medium-Term Note A debt security. The size and terms of medium-term notes may be. Maturities can range from one to 30 years. Minimum Amount to Invest. The dollar amount equal to the factor adjusted amount or current face of. Dollar amount of one bond or the minimum dollar increment that can be purchased.

Minimum Denomination Quantity Min. The minimum amount required call and put option on bonds ytw create bpnds order minimum purchase. Moody's uses a multidisciplinary or "universal" approach to risk analysis, which aims to bring an understanding of all relevant risk factors and viewpoints to every rating analysis. They rely on the judgment of a diverse group of credit risk professionals to weigh those factors in light of a variety of plausible scenarios for the issuer and thus come to a conclusion on what the rating should be.

Moral Obligation Bond A revenue. There is no legal obligation for optino state. Mortgage A legal instrument that creates a. The investors o payments from the interest and principal. Mortgage Banker An bnds that. Mortgage Loan A loan secured by a. Mortgage Pass-through A security. A bond backed by mortgages issued by the Federal Home Loan Mortgage Corporation. Municipal Bonds Fixed income securities. These bonds are typically. Narrowing the Spread Also called.

Near Money A bond aand is close to its. The rate of change. Negative Credit Watch A CreditWatch listing gives a rating agency's opinion regarding call and put option on bonds ytw potential direction of a rating and serves notice that there has or will be a change in creditworthiness. Being the object of a negative credit watch generally indicates the credit quality of a firm's debt has deteriorated and may be downgraded. Net Price The total amount bonfs investor pays.

New Issue Securities that are publicly. New Money The amount of proceeds greater than. Market for new issues. The date the next scheduled interest payment will be issued. Noncallable A bond that cannot be called. Short-term instruments to pay specified amounts of money, secured by specified. Generally notes are issued with a maturity date ranging from.

Notice of Sale The announcement of a. The announcement will include. A trade made for less than the normal. Offer The price at which a seller will sell a. Offer Wanted A solicitation for a quote. The offer retuned on an offer wanted request is spread to an htw security. An offer price will move in conjunction with the price movements of the underlying. Offering Date The first day a security.

Offering Price The price at which a new. Offering Scale The price expressed in. Used primarily with municipal bonds. Official Notice of Sale A paid. Official Statement The document an. Option-Adjusted Ajd OAS For. Optional Redemption A right to. The right can be exercised at the option of. A commitment made to buy or sell a stated number of pption at the offered price. Original Face The face value or original.

OID The amount below par at which new securities are sold when first. Bond A bond issued at a dollar price less than par that qualifies for. Under federal tax law for tax-exempt. Original dollar amount or number of bonds of an issue. Original Proceeds The net amount. Trading conducted outside an exchange. Overnight Position The inventory a. Limits search results to items offered by your. PAC Planned Amortization Class Tranche. CMO tranche that uses a mechanism similar to a sinking fund to determine a.

The effect of the prepayment variability that is removed from a. PAC bond is transferred to a companion tranche. The opfion amount of a bond. The amount the issuer is expected to pay when. Parity Bonds Two snd more issues having the. The amount of leverage, usually expressed in percentage movement in the underlying. Notes often employ some degree of leverage or Enhanced Return on the upside.

The following is a list of the. Straight Participation - Return is based on initial and. Participation Rate is fixed on pricing date. Averaging Participation - Return is based on periodic. Variable Participation - Participation Rate is not fixed. Enhanced Participation - Positive investment return is. Pass Through A pass-through is a security. The owner of a. Paying Agent Place where ytww and. Note A floating-rate note with no stated maturity date. In the case of a CMO, a PO. PO securities are priced at a deep discount from their face value.

Point An abbreviation for one percentage point. A unique six-character identifying. Pool numbers, assigned by the issuing. Pool Type A description of the type of loans. The status of an investor's securities in their portfolio. The date offerings were put on the. When entering search criteria, the search range can be. For example, -1d would return all offerings. Stock that pays a. Preferred stock usually does not carry voting rights. Premium The amount over the par value for a.

Premium Bond A bond with a price above the. Premium Call A provision that allows the. Prepayment The unscheduled partial or. Prepayment Risk The risk that falling. Pre-Refund Bonds that will be called on the. The monies used to call the bonds are on. Bonds are pre-refunded in order to take advantage of. Present Value The value today of a sum of. The dollar amount per bond stated as a value. The market for new issue securities. Prime Rate The lowest interest rate charged. A means of compensating the broker-dealer of a bond trade solely on the basis.

There are multiple levels of protection for the initial investment in a structured. Principal Protected - Investor's principal amount will. Partial Principal Protected - Investor is exposed to. Buffered Principal at Risk - Investor's full principal. Principal at Risk - Investor's full principal amount is at risk. Private Label The term used to describe a. Such issuers may be subsidiaries of. The money received by a bond issuer.

Requirements included are segregation of funds and adequate debt service. Provisional Rating A temporary. The provisional rating is. Bonds Tax-exempt bonds, backed by the federal government, issued by local. No new bonds of this type have. The sale of securities. Corporate securities are filed with the Securities and. Municipal securities are usually also filed with the. Municipal Securities Rulemaking Board. Put Bond A bond that is redeemable by the.

Quantity in Bonds The number of bonds. Quote Needed Bonds that do not have prices. Once the quote is received. Notice obnds a potential. Range A set of prices consisting of the opening. Rate of Return The current yield or. Rate Reset The adjustment of the interest. Rating A credit rating of a security provided by. Real Yield For an inflation-indexed.

Realized Yield The return on a bond. The date for determining the. Redemption The hidayat khan forex ea reviews of securities by. Redemption Premium The amount by. The underlying asset or index the structured product is linked to. Other underlying reference assets can be baskets of individual. Refunding The redemption of a bond yt by a.

Registered Bond A bond whose owner's name is. The name in which a. The party responsible for. A trade that is settled through the regular settlement cycle for that. The cycle is the time that the regulations of the secondary. Settlement cycles are determined by the asset. Reinvestment Risk The risk that. Real Estate Mortgage Investment Conduit. A complex pool of mortgage securities. A fixed pool of mortgages broken apart.

Indicates the frequency of the interest payments. Residual In a REMIC, the residual is puy. A field for identifying states where commercial agreements or state laws prevent. A CMO class, created for. In contrast to most tranches. Revenue Bonds Revenue bonds are issued to. Revenues can come from user fees and tolls and are used to repay the. Just a few types of revenue bonds are: Revised Issue Price The option call put graph n latch. A unit of trading or a multiple of.

Rules of Fair Practice. It takes into consideration the creditworthiness. Safekeeping The storage and protection of. Scale The coupon rates, offering prices and. The market in which. Secured Debt Forex Profit Pro Trading Software Videos backed by specific. In the event of default, secured lenders can. Secured Obligation A debt backed by. The repayment of the interest and principal can be provided by.

Securities Act of A federal agency created in the Securities. Exchange Act of to oversee the Securities Act of Securities Exchange Act of Federal legislation created to provide governance of securities transactions. Security Collateral pledged by a bond issuer. Senior Securities Bonds and other. Sequential Pay REMIC The most. Once the first tranche is retired, the principal payments.

Serial Bond A bond issue with stated. Servicing Collection and pooling of. The party providing the servicing receives a servicing fee. Servicing Fee The amount retained by the. The date on pption a security is delivered in exchange for funds. Short Position An inventory position. Short Sale A sale of securities not owned by. This sale requires the purchase of. A seller is usually. Short-Term Debt Debt with a maturity of. SIFMA Securities Industry and Financial.

An association that represents firms in financial markets. Sinker A bond with a sinking fund. Sinking Fund A fund where excess revenues. In the case of a Mandatory Sinking. Fund MSFbonds WILL be called according to the schedule provided. These bonds are only. Mortality The percentage of outstanding mortgage loan principal that. SMMEA Secondary Mortgage Market Enhancement Act. SMMEA Securities Securities that are. Special Assessment Bond A bond. Special Obligation Bonds Bonds.

Special Tax Bond A bond secured by a. Spread The difference between the bid and asked. A model based on historical mortgage prepayment rates that is used to estimate. The model is based on the Constant. Prepayment Rate CPRor the amount of call and put option on bonds ytw principal that is prepaid. State Municipal Bonds Only The state in which.

Note Securities derived from or based on a single security, a basket of. Product Securities whose cash flow characteristics depend upon. Subject Offerings Indications of. Securities with a promise to pay that cannot legally be fulfilled. Support Also known as Companions A class of. SuperPO A principal-only security structured as a companion bond. Superfloater A floating-rate REMIC tranche. Supranationals Securities which are issued.

Supranational securities are not. Survivor Optional redemption feature on a. A code representing a particular security listed on an exchange or otherwise. TAC Tranche - Targeted Amortization. Class Targeted amortization class tranche. TACs protect investors from a rise in the prepayment. They do not protect from a fall in the. Delivery The action by which an instrument is tendered and received. Taxable Bonds Bonds with.

In Indicates the state of issuance for tax-exempt offerings by. T-Bill Rate The weekly average auction rate. Telephone Bonds Bonds issued by companies in the. Telephone sector, which may include regional and long distance telecommunication. A large municipal bond issue with. Term Funding A financing done to meet. Territories Commonwealth countries associated.

Guam, who issue municipal debt. Tight Market A condition in the secondary. Treasury Inflation Protected Securities are a special type. Total Bonded Debt The total amount of.




FRM: How to get yield to maturity (YTM) with Excel & TI BA II+


What is ' Yield To Call ' Yield to call is the yield of a bond or note if you were to buy and hold the security until the call date, but this yield is valid only if the. Index Linked A bond that has a coupon rate that varies according to some underlying index Industrial Bonds Bonds issued by companies in the Industrial sector, which. From this page you can start your research on Preferred Stocks. With current prices and yields you should be able to select a few that appear to meet your yield.