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Benchmark Bond

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Benchmark Bond
The most recent issue of a bond with a given maturity. A benchmark bond's performance is used to compare the performances of other bonds with the same maturity and of similar issue sizes, coupons, and liquidity. See also: benchmark.


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The benchmark bond yield rose in early trading, tracing overnight rises of U.
The figure below compares the S&P 500 earnings yield with the ten-year Treasury bond yield, It shows that, beginning in September 2002--and for the first time since Ronald Reagan's first election--investors required from equities a higher earnings yield than the benchmark bond yield.
The African Development Bank set a new benchmark in the international capital market in July 2003, when it launched a US$ 1 billion global benchmark bond as part of the 2003 borrowing program.
 
 
 
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