Across
- 3. a major risk
- 6. a benchmark interest rate
- 7. a type of spread
- 9. what we might call the price of a bond off a curve
- 11. a grade of bond that is not junk
- 13. an agreement that helps dealers borrow money
- 14. a duration measure that makes sense as a unit of time
Down
- 1. not a major risk,
- 2. a bond not high up on the payment priority list
- 4. a table that shows the bond values over time
- 5. the economic value of a bond
- 8. a method to build a yield curve
- 10. a bond not trading at par
- 12. the liquidity __ hypothesis