RESIDUAL INTEREST BONDS - RIBS
A type of inverse floating-rate bond created by dividing the income from a municipal bond into two portions. The municipal bondholder will create two new securities: a primary direct floating-rate bond and a residual inverse floating-rate bond. The floaters will be linked to a reference interest rate, such as LIBOR, and the municipal bond's income will be used to pay the coupon on the direct floater, with any remaining income going toward the residual interest bond.
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Average True Range - ATR
It was introduced in Welles Wilder’s book: New Concepts in Technical Trading Systems as a volatility measure.
Daily Chart
It is a line graph displaying the intraday movement of a security. It is different from the longer term charts that show’s a movement of a se ...
Peak
The highest point between the end of an economic expansion and the start of a contraction in a business cycle. The peak of the cycle refers to the ...
Securities Fraud
Securities Fraud is a crime that is classified as white-collar. Securities Fraud occurs when an entity that may be an individual or a company like ...
Specialization
Specialization, in production, is focusing on a particular good or service of a business in order to maximize the efficiency and effectivity of pro ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Apr | |
| 14:30 | Durable Goods Orders | May | |
| 16:00 | Pending Home Sales | May | |
| 07:00 | BOJ Core CPI | May | |
| 08:00 | GfK Consumer Climate | Jul | |
| 13:00 | BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks | ||
| 14:30 | Goods Trade Balance | May | |
| 14:30 | Wholesale Inventories | May | |
| 15:00 | House Price Index | Apr |
