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21 Cards in this Set
- Front
- Back
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Treasury bonds are sold at |
Discount to par value |
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Agency bonds are sold at ? |
Issued at par or very slight discount to par |
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Term corporate bonds are quoted on a |
Percentage of par basis |
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Companion tranches are (CMO) ? |
"Shock absorbers"
Absorbs prepayment and extension risk |
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Government bonds trade settle in ? |
Fed funds
Business day after trade |
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What is included in municipal securities order ticket ? |
Whether the order was solicited, unsolicited or discretionary |
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Bond resolution includes all covenants between ? |
Issued and trustee acting for the bond holders |
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Whose a part of the Federal farm credit system ? |
Federal land bank
Bank for cooperatives
Federal intermediate credit bank |
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Whose a part of the Federal farm credit system ? |
Federal land bank
Bank for cooperatives
Federal intermediate credit bank |
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A GO bond analysis would consider what factors |
Total outstanding debt
Tax collection ratio
Public attitude towards its debt |
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Minimum and max maturity on commercial paper |
Minimum is 30 days
Max 270 days |
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Special tax bond |
Non-supporting debt
Backed by excise and sales |
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COP (certificate of participation) |
Subject to statutory debt limits
Have lower credit rating than G.O bonds |
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Minimum and maximum bid for non-competitive treasury bill |
Minimum non-competitive bid is 100
Max non-competitive bid is 5 million |
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Minimum and maximum bid for non-competitive treasury bill |
Minimum non-competitive bid is 100
Max non-competitive bid is 5 million |
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Minimum and maximum bid for competitive bid for treasury bills |
Minimum is 5 million
Max is unlimited |
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What type of bids are accepted for u.s government bonds ? |
Yield basis
Non-competitive bids are always filled |
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Bond resolution is a contract between |
Issuer and bond holder |
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Municipal dollar bonds are quoted ? |
Percentage to par
Term bonds |
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Treasury receipts are |
Zero coupon
Pays at maturity
Essentially t-notes / t-bonds |
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Prime Bankers Acceptance is one that is |
Eligible to trade with fed reserve |
