kolejny Flashcards
1
Q
yield curve
A
krzywa YTM dla obligacji o tej samej walucie, płynności, credit risk, same coupon periodicity
2
Q
Gov bond spot curve
A
ytm for zero-coup bonds
3
Q
upward sloping
A
normal (longer maturity higher ytm)
4
Q
downward sloping
A
inverted
5
Q
spot curve
A
0-coupon bonds (no reinvestment risk)
6
Q
par curve
A
for bonds which have coupon.
sequence of ytms such that each bond is priced at par
what coupon does the bond have to have to be priced at par with spot YTM
7
Q
forward rate
A
calculate from spot rate
rate from x years for y years
8
Q
par rate
A
ytm when coupon given and FV=PV
9
Q
A
