A market maker prediction as to the trading price range that a security will occupy within a reasonable period of time. The characteristics of a workout market are seen prevalently in thin markets. Taobiz explains Workout Market Prices quoted by the market maker are subject to the availability of a matching order. Also, there are usually significant mark-ups on the security being traded.
英文名称:Accretion 中文名称:增值"金融市场上,增值是指金融工具因其价格上涨而引起的价值的增加。e.g. Operating costs exclude accretion, which is included in the administration expenses ." 1. Asset growth through addition or expansion. 2. In reference to discount bonds, it describes the accumulation of value until maturity. 1. Accretion can occur through a company's internal development or by way of mergers and acquisitions. 2. Bonds at discount are sold below face value and mature at par. In the duration between the bond's issuance and maturity, no additional value is actually being accumulated within the bond but accretion occurs with the paper or implied capital gain.
The book value of an asset after accounting for depreciation and amortization. Taobiz explains Written-Down Value Companies reduce the book value of assets because they are overvalued.
英文名称:Active Bond Crowd 中文名称:活跃债券投资者指债券交易量大、交头活跃的投资者。国际市场上常指纽约股票交易所买卖活跃的交易商。 The name given to members of the NYSE and their specific bond trading departments that are acknowledged as frequent traders in active bonds. The active bond crowd creates liquidity and can affect the price of bonds traded on the market because they typically account for the largest volume of transactions in the market. Generally, this crowd will be able to demand better prices for buying and selling bonds.
An increase made to the book value of an asset because it is undervalued compared to market values. Taobiz explains Write-Up A write-up will increase a company's accounting book value without any expenditures. For example, if an economy experiences significant inflation, a production company may decide to write up its inventory to better match the market price.
英文名称:Bond Swap 中文名称:债券互换亦称“债券掉换”,是投资者根据对债券或债券组合收益率的预测来主动互换债券,从而获得较高的收益。e.g. But bond-swap has tightened considerably in the past week as similar paying returned to the long end of swap curve A strategy in which an investor sells a bond and at the same time purchases a different bond with the proceeds from the sale. There are several reasons why people use a bond swap: to seek tax benefits, to change investment objectives, to upgrade a portfolio's credit quality or to speculate on the performance of a particular bond.
A situation that occurs when the Federal Reserve has lowered short-term interest rates to zero or nearly zero. When interest rates are this low, new methods of economic stimulus must be examined and implemented. Zero-bound can also refer to a stock that has negative downward momentum and is expected to eventually move to zero. Taobiz explains Zero-Bound As the Federal Reserve lowers interest rates, alternative procedures for monetary stimulus become necessary. Interest rates cannot usually be negative, so once interest rates reach zero or are close to zero, for example, 0.01%, monetary policy has to be altered to continue to stabilize or stimulate the economy.
英文名称:Bond Fund 中文名称:债券基金以债券为投资目标的基金,其主要特点是风险较低、收益稳定。e.g. Fidelity Investments is being sued over losses in the Fidelity ultra-short bond fund, which invested in risky mortgage-backed securities. A fund invested primarily in bonds and other debt instruments. The exact type of debt the fund invests in will depend on its focus, but investments may include government, corporate, municipal and convertible bonds, along with other debt securities like mortgage-backed securities.For investors interested in bonds, a Morningstar bond style box can be used to sort out the investing options available for bond funds. Investors should note that U.S. government bonds are considered to be of the highest credit quality and are not subject to ratings.