Callable agency bonds with «step up» coupon rates:
callable agency bonds that have a pre set coupon rate «step up» that provides for increases in interest rates or coupon rate as the bonds approach maturity to minimize the interest rate risk for investors over time.
Not exact matches
Similar issues arise for
callable bonds in the American municipal, corporate, and government
agency sectors.
A
callable municipal, corporate, federal
agency or government security gives the issuer of the
bond the right to redeem it at predetermined prices at specified times prior to maturity.