Fixed Income terms

Interest earned on a bond since the last coupon payment but not yet paid.

One hundredth of one percentage point, equal to 0.01%.

Security representing a loan from investors to a government, company or issuer.

Return earned on a bond, usually expressed as an annual percentage.

Periodic interest payment made by a bond issuer to bondholders.

Assessment of an issuer's creditworthiness by an agency or internal model.

Yield difference between a risky bond and a lower-risk benchmark.

Measure of a bond's sensitivity to interest-rate changes.

Bond issued in a currency different from the country where it is issued.

Investments usually providing scheduled interest payments and principal repayment.