www.subjectmoney.com http Bond Indenture – A bond indenture is the contract defining the terms of the bond. Bond indentures specify the payment schedule and also restrictions used to protect the rights of the bondholders. These are restrictions such as provisions relating to collateral, sinking funds, dividend policy, and further borrowing. Bond indentures include these protective [...]
by YoTuT Question by blah: What are the changes in liquidity in the Australian bond market due to the sub-prime mortgage crisis in the US? Do investors quickly sell off their corporate bonds after finding out that these bonds may be exposed to the sub-prime crisis? or do they hold onto it cause the credit [...]
(Make sure you note: spreadsheet is accessible on the site). A nominal credit spread is the big difference in yields (YTM), which are single variables consequently, implicitly, the nominal spread compares flat curves. The Z-spread improves by supplying the spread that adds across the entire spot (zero) rate curve if the Z-spread is additional to [...]