 |
|
How to Read a Bond Table
Column 1: Issuer - This is the company, province (or state),
or country that is issuing the bond.
Column 2: Coupon - The coupon refers to the fixed interest
rate that the issuer pays to the lender.
Column 3: Maturity Date - This
is the date on which the borrower will pay the investors their
principal back. Typically only the last two digits of the year
are quoted, 25 means 2025, 09 is 2009, etc.
Column 4: Bid Price - This is the price someone is willing
to pay for the bond. It is quoted in relation to 100, no matter
what the par value is. Think of the bid price as a percentage:
a bond with a bid of 93 means it is trading at 93% of its par
value.
Column 5: Yield - The yield indicates annual return until
the bond matures. Usually this is the yield to maturity, not
current yield. If the bond is callable it will have a "c--"
where the "--" is the year the bond can be called. For example
"c10" means the bond can be called as early as 2010.
|
|
|
 |
Topics
DisnatWeb 
Previous 
