agency security A
security issued by a US federal agency or government sponsored enterprise.
An acceptance that has a bank as its drawee.
yield A convention for converting discount yields to a form
more comparable to bond yields.
certificate of deposit A money market instrument issued by a depository institution as
evidence of a time deposit.
Short-term promissory notes issued primarily by corporations.
A money market instrument that pays no coupons, matures for its face value, and
is issued at a discount to its face value.
yield A convention for calculating yield on a discount instrument.
Fed funds Deposits
held by US banks in accounts at their regional Federal Reserve banks.
term structure Refers collectively to a spot curve, forward curve,
discount curve, yield curve or any other curve that describes the time value of
interest rate spreads
Spreads between interest rates.
London Interbank Offered Rate.
agreement An agreement to sell and
subsequently repurchase a security.
Inflation-Protected Securities Inflation-indexed bonds issued
by the US Treasury.
note or bond A coupon-bearing Treasury security with an
initial maturity greater than a year.
US Federal Government debt obligation issued by the Department of Treasury.
A zero-coupon bond "stripped" from the cash flows of a Treasury security.
United States financial regulation An overview.