CH6 - SC

CH6 - SC - BOND MARKETS DEBT INSTRUMENTS OR FIXEDINCOME...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
BOND MARKETS DEBT INSTRUMENTS OR FIXED- INCOME INSTRUMENTS QUOTES IN TERMS OF YIELDS PRICES ARE NOT ALWAYS QUOTED IN DECIMALS ASSUMPTIONS PRICE-YIELD RELATIONSHIPS, TIME VALUE CONCEPTS
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
BOND MARKETS TREASURY NOTES AND BONDS MUNICIPAL (TAX-EXEMPT) BONDS CORPORATE BONDS
Background image of page 2
TREASURY NOTES & ISSUED BY THE U.S. TREASURY TO FINANCE FEDERAL GOVERNMENT EXPENDITURES NO DEFAULT RISK “OFF THE RUN” ISSUES → OLDER ISSUED “ON THE RUN” ISSUES → NEWLY ISSUED NOTES & BONDS
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
MINIMUM DENOMINATION $1,000 MATURITY 10 YRS + & T-BOND INTEREST COUPON SEMIANNUAL QUOTATIONS WSJ
Background image of page 4
STRIPS S EPARATE T RADING OF R EGISTERED I NTEREST AND P RINCIPAL S ECURITIES TREASURY NOTES & BONDS CAN BE STRIPPED INTO PRINCIPAL-ONLY SECURITIES (PO) : PRINCIPAL PAYMENT AT MATURITY INTEREST-ONLY SECURITIES ( IO): INTEREST PAYMENTS OVER THE LIFE
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 14

CH6 - SC - BOND MARKETS DEBT INSTRUMENTS OR FIXEDINCOME...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online