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Article 149623118

US Treasury bond types
#bonds #finance

What are marketable US Government bond types? Treasury bills (up to 1 year)Treasury notes (1 to 10 years)Bonds (up to 30 years)Treasury Inflation Protected Securities / TIPS



Flashcard 149623127

Tags
#bonds #finance
Question
What are marketable US Government bond types?
  • [...](up to 1 year)
  • Treasury notes (1 to 10 years)
  • Bonds (up to 30 years)
  • Treasury Inflation Protected Securities / TIPS
Answer
Treasury bills


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US Treasury bond types
What are marketable US Government bond types? Treasury bills (up to 1 year)Treasury notes (1 to 10 years)Bonds (up to 30 years)Treasury Inflation Protected Securities / TIPS







Flashcard 149623134

Tags
#bonds #finance
Question
What are marketable US Government bond types?
  • Treasury bills (up to 1 year)
  • [...](1 to 10 years)
  • Bonds (up to 30 years)
  • Treasury Inflation Protected Securities / TIPS
Answer
Treasury notes


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US Treasury bond types
What are marketable US Government bond types? Treasury bills (up to 1 year)Treasury notes (1 to 10 years)Bonds (up to 30 years)Treasury Inflation Protected Securities / TIPS







Flashcard 149623143

Tags
#bonds #finance
Question
What are marketable US Government bond types?
  • Treasury bills (up to 1 year)
  • Treasury notes (1 to 10 years)
  • [...](up to 30 years)
  • Treasury Inflation Protected Securities / TIPS
Answer
Bonds


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US Treasury bond types
What are marketable US Government bond types? Treasury bills (up to 1 year)Treasury notes (1 to 10 years)Bonds (up to 30 years)Treasury Inflation Protected Securities / TIPS







Flashcard 149623148

Tags
#bonds #finance
Question
What are marketable US Government bond types?
  • Treasury bills (up to 1 year)
  • Treasury notes (1 to 10 years)
  • Bonds (up to 30 years)
  • [...]
Answer
Treasury Inflation Protected Securities / TIPS


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US Treasury bond types
What are marketable US Government bond types? Treasury bills (up to 1 year)Treasury notes (1 to 10 years)Bonds (up to 30 years)Treasury Inflation Protected Securities / TIPS







Flashcard 149623159

Tags
#finance
Question
what is the maturity of treasury bills (when issued)?
Answer
up to 1 year


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Flashcard 149623174

Tags
#bonds #finance
Question
explain yield and coupons for treasury bills, how are they issued?
Answer
they are issued at discount and they have no coupons


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Flashcard 149623185

Tags
#bonds #finance
Question
what is the coupon frequency of T-Notes?
Answer
6 months


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Flashcard 149623196

Tags
#bonds #finance
Question
what can you say about coupons of T-Bills?
Answer
they have no coupons (sold at discount)


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Flashcard 149623207

Tags
#bonds #finance
Question
what is the coupon frequency of T-Bonds?
Answer
6 months


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Flashcard 149623222

Tags
#bonds #finance
Question
what is the denomination of of a T-Note?
Answer
$1,000


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Article 149623233

TIPS maturities
#bonds #finance

TIPS are sold in 5-year, 10-year and 30-year maturities.



Flashcard 149623242

Tags
#bonds #finance
Question
TIPS are sold in [...]-year, 10-year and 30-year maturities.
Answer
5


statusnot learnedmeasured difficulty37% [default]last interval [days]               
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scheduled repetition interval               last repetition or drill
TIPS maturities
TIPS are sold in 5-year, 10-year and 30-year maturities.







Flashcard 149623247

Tags
#bonds #finance
Question
TIPS are sold in 5-year, [...]-year and 30-year maturities.
Answer
10


statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill
TIPS maturities
TIPS are sold in 5-year, 10-year and 30-year maturities.







Flashcard 149623252

Tags
#bonds #finance
Question
TIPS are sold in 5-year, 10-year and [...]-year maturities.
Answer
30


statusnot learnedmeasured difficulty37% [default]last interval [days]               
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TIPS maturities
TIPS are sold in 5-year, 10-year and 30-year maturities.







Flashcard 149623263

Tags
#bonds #finance
Question
how are TIPS linked to CPI?
Answer
the principal changes, and given the coupon rate is constant, the actual coupon payment varies with the principal


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Flashcard 149623274

Tags
#finance #yield-curve
Question
what does par swap curve contain?
Answer
spot starting swap rates


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Flashcard 149623285

Tags
#finance #yield-curve
Question
what does forward curve contain?
Answer
rates from t to T, i.e. F(t, T), where T-t is for example 3 months (but may be continuous, i.e. T-t -> 0)


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Flashcard 149623296

Tags
#finance #yield-curve
Question
what does discount curve (zero-coupon curve) contain?
Answer
rates from now to T, i.e. F(0, T)


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Flashcard 149623307

Tags
#finance #yield-curve
Question
what is another name of discount curve
Answer
zero coupon curve


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Flashcard 149623318

Tags
#finance #yield-curve
Question
what is another name of zero coupon curve?
Answer
discount curve


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Article 149623329

calculating asset swap spread (par-par)
#asset-swap #finance

Asset swap (type: par-par - same structure as market but at different price, i.e. PV. "market" has 0 PV) is a difference between bond quoted price and implied strip price of the same bond (implied price of cashflows against a specific yield curve), quoted as the spread on the floating swap side that matches the maturity of the bond. 



Flashcard 149623338

Tags
#asset-swap #finance
Question
Asset swap (type - par-par) is a difference between [...]and implied strip price of the same bond (implied price of cashflows against a specific yield curve), quoted as the spread on the floating swap side that matches the maturity of the bond.
Answer
bond quoted price


statusnot learnedmeasured difficulty37% [default]last interval [days]               
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calculating asset swap spread
Asset swap is a difference between bond quoted price and implied strip price of the same bond (implied price of cashflows against a specific yield curve), quoted as the spread on the floating swap side that matches the maturity of the bond







Flashcard 149623345

Tags
#asset-swap #finance
Question
Asset swap (type: par-par) is a difference between bond quoted price and [...], quoted as the spread on the floating swap side that matches the maturity of the bond.
Answer
implied strip price of the same bond (implied price of cashflows against a specific yield curve)


statusnot learnedmeasured difficulty37% [default]last interval [days]               
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calculating asset swap spread
Asset swap is a difference between bond quoted price and implied strip price of the same bond (implied price of cashflows against a specific yield curve), quoted as the spread on the floating swap side that matches the maturity of the bond.







Flashcard 149623352

Tags
#asset-swap #finance
Question
Asset swap (type: par-par) is a difference between bond quoted price and implied strip price of the same bond (implied price of cashflows against a specific yield curve), quoted as [...].
Answer
the spread on the floating swap side that matches the maturity of the bond


statusnot learnedmeasured difficulty37% [default]last interval [days]               
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calculating asset swap spread
Asset swap is a difference between bond quoted price and implied strip price of the same bond (implied price of cashflows against a specific yield curve), quoted as the spread on the floating swap side that matches the maturity of the bond.







Article 149623363

calculating asset swap spread (matched maturity)
#asset-swap #finance

Asset swap (type: matched maturity) is a difference between the yield of a bond and the rate of a swap of the same maturity.



Flashcard 149623372

Tags
#asset-swap #finance
Question
Asset swap (matched maturity type) is a difference between the [...]and the rate of a swap of the same maturity.
Answer
yield of a bond


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calculating asset swap spread version 2
Asset swap is a difference between the yield of a bond and the rate of a swap of the same maturity.







Flashcard 149623379

Tags
#asset-swap #finance
Question
Asset swap (type: matched maturity) is a difference between the yield of a bond and the [...].
Answer
rate of a swap of the same maturity


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calculating asset swap spread version 2
Asset swap is a difference between the yield of a bond and the rate of a swap of the same maturity.







Flashcard 149623398

Tags
#asset-swap #finance
Question
Asset swap (type: [...]) is a difference between bond quoted price and implied strip price of the same bond (implied price of cashflows against a specific yield curve), quoted as the spread on the floating swap side that matches the maturity of the bond.
Answer
par-par (type "market" has similar structure, but par-par has non-zero PV, while market has 0 PV)


statusnot learnedmeasured difficulty37% [default]last interval [days]               
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calculating asset swap spread (par-par)
Asset swap (type: market - same structure as par-par but at different price) is a difference between bond quoted price and implied strip price of the same bond (implied price of cashflows against a specific yield curve), quoted as the spread on the floating swap







Flashcard 149623409

Tags
#asset-swap #finance
Question
Asset swap (type: [give 2 names]) is a difference between the yield of a bond and the rate of a swap of the same maturity.
Answer
matched maturity (yield-yield)


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calculating asset swap spread (matched maturity)
Asset swap (type: matched maturity) is a difference between the yield of a bond and the rate of a swap of the same maturity.







#asset-swap #finance
a company may sell equity and receive the value in cash, thus increasing liquidity

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Asset swap - Wikipedia, the free encyclopedia
t swap is an exchange of tangible assets for intangible assets or vice versa. Since it is a swap of assets, the procedure takes place on the active side of the balance sheet and has no impact on the latter in regards to volume. As an example, <span>a company may sell equity and receive the value in cash, thus increasing liquidity. A company often utilizes this method when in need for money to invest (internal financing) or to pay off debts. In finance, the term asset swap has a particular meaning.[1] When one re




#asset-swap #finance
When one refers to an asset swap, one has in mind the exchange of the flow of payments from a given security (the asset) for a different set of cash flows

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Asset swap - Wikipedia, the free encyclopedia
sell equity and receive the value in cash, thus increasing liquidity. A company often utilizes this method when in need for money to invest (internal financing) or to pay off debts. In finance, the term asset swap has a particular meaning.[1] <span>When one refers to an asset swap, one has in mind the exchange of the flow of payments from a given security (the asset) for a different set of cash flows. An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR minus a spread (say 20 basis points). Such swaps usually have stub periods in order




#asset-swap #finance
An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR minus a spread (say 20 basis points)

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Asset swap - Wikipedia, the free encyclopedia
ing) or to pay off debts. In finance, the term asset swap has a particular meaning.[1] When one refers to an asset swap, one has in mind the exchange of the flow of payments from a given security (the asset) for a different set of cash flows. <span>An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR minus a spread (say 20 basis points). Such swaps usually have stub periods in order to bring the chronology of the cash flows into line with that of the underlying bond. Contents 1 Introduction 1.1 Mechanics of a Par A




Flashcard 149623447

Tags
#asset-swap #finance
Question
An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR [minus or plus?] a spread (say 20 basis points)
Answer
minus


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An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR minus a spread (say 20 basis points)

Original toplevel document

Asset swap - Wikipedia, the free encyclopedia
ing) or to pay off debts. In finance, the term asset swap has a particular meaning.[1] When one refers to an asset swap, one has in mind the exchange of the flow of payments from a given security (the asset) for a different set of cash flows. <span>An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR minus a spread (say 20 basis points). Such swaps usually have stub periods in order to bring the chronology of the cash flows into line with that of the underlying bond. Contents 1 Introduction 1.1 Mechanics of a Par A







#asset-swap #finance
swaps usually have stub periods in order to bring the chronology of the cash flows into line with that of the underlying bond

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Asset swap - Wikipedia, the free encyclopedia
change of the flow of payments from a given security (the asset) for a different set of cash flows. An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR minus a spread (say 20 basis points). Such <span>swaps usually have stub periods in order to bring the chronology of the cash flows into line with that of the underlying bond. Contents 1 Introduction 1.1 Mechanics of a Par Asset Swap 1.1.1 Computing the asset swap spread1.1.2 Market Asset Swap 2 See also3 References Introduction[edit] An asset swap en




#asset-swap #finance
An asset swap enables an investor to buy a fixed rate bond and then hedge out the interest rate risk by swapping the fixed payments to floating. In doing so the investor retains the credit risk to the fixed-rate bond and earns a corresponding return.

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Asset swap - Wikipedia, the free encyclopedia
e chronology of the cash flows into line with that of the underlying bond. Contents 1 Introduction 1.1 Mechanics of a Par Asset Swap 1.1.1 Computing the asset swap spread1.1.2 Market Asset Swap 2 See also3 References Introduction[edit] <span>An asset swap enables an investor to buy a fixed rate bond and then hedge out the interest rate risk by swapping the fixed payments to floating. In doing so the investor retains the credit risk to the fixed-rate bond and earns a corresponding return. The asset swap market was born along with the swap market in the early 1990s, and continued to be most widely used by banks which use asset swaps to convert their long-term fixed rate as




#asset-swap #finance
The asset swap market is over-the-counter (OTC), i.e., not traded on any exchange

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Asset swap - Wikipedia, the free encyclopedia
ith the swap market in the early 1990s, and continued to be most widely used by banks which use asset swaps to convert their long-term fixed rate assets to floating rate in order to match their short-term liabilities (depositor accounts). [2] <span>The asset swap market is over-the-counter (OTC), i.e., not traded on any exchange. There are several variations on the asset swap structure with the most widely traded being the par asset swap. Other types include the market asset swap and the cross-currency asset sw




Flashcard 149623477

Tags
#asset-swap #finance
Question
The asset swap market is [OTC or exchange traded?]
Answer
over-the-counter (OTC), i.e., not traded on any exchange


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The asset swap market is over-the-counter (OTC), i.e., not traded on any exchange

Original toplevel document

Asset swap - Wikipedia, the free encyclopedia
ith the swap market in the early 1990s, and continued to be most widely used by banks which use asset swaps to convert their long-term fixed rate assets to floating rate in order to match their short-term liabilities (depositor accounts). [2] <span>The asset swap market is over-the-counter (OTC), i.e., not traded on any exchange. There are several variations on the asset swap structure with the most widely traded being the par asset swap. Other types include the market asset swap and the cross-currency asset sw







#asset-swap #finance
The most common and standard asset swap type is par asset swap.

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Asset swap - Wikipedia, the free encyclopedia
-the-counter (OTC), i.e., not traded on any exchange. There are several variations on the asset swap structure with the most widely traded being the par asset swap. Other types include the market asset swap and the cross-currency asset swap. T<span>he most common and standard one is par asset swap. Mechanics of a Par Asset Swap[edit] A par asset swap is really two separate trades: The asset swap buyer purchases a bond from the asset swap seller in return for a full price of par. (&




Flashcard 149623499

Tags
#bonds #finance
Question
What is another name of dirty price?
Answer
full price / invoice price


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#asset-swap #finance

A par asset swap is really two separate trades:

  • The asset swap buyer purchases a bond from the asset swap seller in return for a full price of par.
  • ​The asset swap buyer and the asset swap seller enter into a swap, so:
    • ​the buyer receives fixed coupons from the bond so on her side of the swap she wants to pay fixed and receive LIBOR plus minus agreed spread.

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Asset swap - Wikipedia, the free encyclopedia
he asset swap structure with the most widely traded being the par asset swap. Other types include the market asset swap and the cross-currency asset swap. The most common and standard one is par asset swap. Mechanics of a Par Asset Swap[edit] <span>A par asset swap is really two separate trades: The asset swap buyer purchases a bond from the asset swap seller in return for a full price of par. ("Full price" is also known as "dirty price", including the accrued interest in contrast to the term "clean price" which refers to quote net of accrued interest. )The asset swap buyer enters into a swap to pay fixed coupons to the asset swap seller equal to the fixed rate coupons received from the bond. In return the asset swap buyer receives regular payments of Libor plus (or minus) an agreed fixed spread. The maturity of this swap is the same as the maturity of the asset. Figure 1:Describe the basic structure of Asset Swap This transactions is shown in Figure 1. The fixed spread to Libor paid by the asset swap seller is known as the asset swap spread an




#asset-swap #finance
In the market asset swap, the net upfront payment is zero. Instead the notional on the Libor side equals the price of the bond and there is an exchange of notionals at maturity.

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Asset swap - Wikipedia, the free encyclopedia
een floating side coupons, the floating payment received is half of the Libor plus asset swap spread. This feature prevents the calculated asset swap spread from jumping as we move forward in time through coupon dates. Market Asset Swap[edit] <span>In the market asset swap, the net upfront payment is zero. Instead the notional on the Libor side equals the price of the bond and there is an exchange of notionals at maturity. See also[edit] Government debtInterestSwap (finance) References[edit] ^ "Asset Swap - Investopedia". Investopedia. Archived from the original on 12 April 2009. Retrieved 2009-0




Flashcard 149623539

Tags
#asset-swap #finance
Question
In the market asset swap, the net upfront payment is [...]. Instead the notional on the Libor side equals the price of the bond and there is an exchange of notionals at maturity.
Answer
zero


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In the market asset swap, the net upfront payment is zero. Instead the notional on the Libor side equals the price of the bond and there is an exchange of notionals at maturity.

Original toplevel document

Asset swap - Wikipedia, the free encyclopedia
een floating side coupons, the floating payment received is half of the Libor plus asset swap spread. This feature prevents the calculated asset swap spread from jumping as we move forward in time through coupon dates. Market Asset Swap[edit] <span>In the market asset swap, the net upfront payment is zero. Instead the notional on the Libor side equals the price of the bond and there is an exchange of notionals at maturity. See also[edit] Government debtInterestSwap (finance) References[edit] ^ "Asset Swap - Investopedia". Investopedia. Archived from the original on 12 April 2009. Retrieved 2009-0







Flashcard 149623546

Tags
#asset-swap #finance
Question
In the market asset swap, the net upfront payment is zero. Instead the [...]equals the price of the bond and there is an exchange of notionals at maturity.
Answer
notional on the Libor side


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Open it
In the market asset swap, the net upfront payment is zero. Instead the notional on the Libor side equals the price of the bond and there is an exchange of notionals at maturity.

Original toplevel document

Asset swap - Wikipedia, the free encyclopedia
een floating side coupons, the floating payment received is half of the Libor plus asset swap spread. This feature prevents the calculated asset swap spread from jumping as we move forward in time through coupon dates. Market Asset Swap[edit] <span>In the market asset swap, the net upfront payment is zero. Instead the notional on the Libor side equals the price of the bond and there is an exchange of notionals at maturity. See also[edit] Government debtInterestSwap (finance) References[edit] ^ "Asset Swap - Investopedia". Investopedia. Archived from the original on 12 April 2009. Retrieved 2009-0







Flashcard 149623553

Tags
#asset-swap #finance
Question
In the market asset swap, the net upfront payment is zero. Instead the notional on the Libor side equals the [...]and there is an exchange of notionals at maturity.
Answer
(dirty I guess) price of the bond


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In the market asset swap, the net upfront payment is zero. Instead the notional on the Libor side equals the price of the bond and there is an exchange of notionals at maturity.

Original toplevel document

Asset swap - Wikipedia, the free encyclopedia
een floating side coupons, the floating payment received is half of the Libor plus asset swap spread. This feature prevents the calculated asset swap spread from jumping as we move forward in time through coupon dates. Market Asset Swap[edit] <span>In the market asset swap, the net upfront payment is zero. Instead the notional on the Libor side equals the price of the bond and there is an exchange of notionals at maturity. See also[edit] Government debtInterestSwap (finance) References[edit] ^ "Asset Swap - Investopedia". Investopedia. Archived from the original on 12 April 2009. Retrieved 2009-0