Bellwether issues

Bellwether issues

Bellwether Issue

A bond with a coupon that is close to market rates. Interest rates on bonds vary from time to time according to a number of factors, but are usually locked at issue. A bellwether issue is one with an interest rate very near to the prevailing rates, regardless of when it was issued. Bellwether issues are also called benchmark issues and perhaps, most commonly, current coupons bonds.
References in periodicals archive ?
Amid a lack of fresh trading incentives and decreased buying by foreign investors due to the summer holidays, bellwether issues fell as corporate pension funds continued to unload blue chips to return to the government pension assets they have been managing on its behalf, brokers said.
In Seoul, stocks closed lower as bellwether issues showed lacklustre performance following a last Friday setback on the U.