Finance Dictionary
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Par Yield Curve
The Par Yield Curve represents the relationship between the yields (interest rates) of fixed-income securities, such as bonds, and their time to maturity, under the condition that these securities are priced at par value. A bond is said to be priced at par when its market price equals its face value. The par yield is the coupon rate at which a bond would be issued today to trade at par, given current market conditions. This curve is commonly derived from the yields of coupon-paying bonds, adj...
Read MorePar Yield Curve
The Par Yield Curve represents the relationship between the yields (interest rates) of fixed-income securities, such as bonds, and their time to maturity, under the condition that these securities are priced at par value. A bond is said to be pric...
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