Face or par value
Coupon rate
Zero coupon bond
Compounding and payments
Accrued Interest
Indenture
Treasury Notes and Bonds
T Note maturities range up to 10 years
T bond maturities range from 10 – 30 years
Bid and ask price
Quoted in points and as a percent of par
Accrued interest
Quoted price does not include interest accrued
Figure 10.1 Listing of Treasury Issues
Corporate Bonds
Most bonds are traded over the counter
Registered
Bearer bonds
Call provisions
Convertible provision
Put provision (putable bonds)
Floating rate bonds
Preferred Stock
Figure 10.2 Investment Grade Bonds
Other Domestic Issuers
Federal Home Loan Bank Board
Farm Credit Agencies
Ginnie Mae
Fannie Mae
Freddie Mac
Innovations in the Bond Market
Reverse floaters
Asset-backed bonds
Pay-in-kind bonds
Catastrophe bonds
Indexed bonds
TIPS (Treasury Inflation Protected Securities)
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