An adjustment period occurs when the price or yield of a bond is adjusted so that it is more in line with similar bonds in the market.
During the settlement period, which can range from a few days to months or even years in some cases, new information provided by the issuer and underwriter is circulated to the public to facilitate price determination.
Traders may consider the training period as an arbitrage opportunity, although there is no guarantee that their timing will be accurate.
Average life is the average length of time it takes to pay off the outstanding principal on a debt instrument, such as a treasury bill, bond, loan, or mortgage-backed security.
Hard call protection or absolute call protection is a condition of a callable bond, according to which the issuer cannot exercise the call and redeem the bond before a specified date, usually three to five years from the date of issue.
A harmless warrant is a provision that requires the holder of a bond to return the bond to the issuer if he buys another bond with similar terms from the same issuer.
The high yield bond spread, also known as the credit spread, is the difference between the yield on a high yield bond and a benchmark bond such as an investment grade or treasury bond.
Japanese government bonds (JGB) are bonds issued by the Japanese government that have become a key element in the country’s central bank’s efforts to boost inflation.