Key Financial Instruments

COURSE

Federal funds, also known as fed funds are reserves that banks hold in their Federal Reserve Bank ac...

Fed fund yields are quoted on an add-on basis on an actual/360-day basis. The fed funds rate is a ke...

STRIPS is the acronym for "Separate Trading of Registered Interest and Principal Securities". These ...

The prices of STRIPS are quoted on a discount basis, as a percentage of par. Eligible securities can...

Treasury inflation-indexed securities (TIIs) are issued by the US Treasury Department and represent ...

U.S. Treasury bills, notes, and bonds, together known as “Treasuries”, are issued by the Treasury De...

In 1989, the Brady plan, named after then-U.S. Treasury Secretary Nicholas Brady, was announced to r...

Eurodollar certificate of deposit, or just Eurodollar CD, is a negotiable dollar-denominated time de...