Bull Bond

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Bull Bond

A bond that is likely to increase in price when stocks or the economy at large is performing well (that is, when interest rates are falling). This contrasts with most other bonds, which tend to increase in price when interest rates are rising. Principal-only bonds are common examples of bull bonds because, in a bull market, people tend to pay down the principal on their large debts.
References in periodicals archive ?
The interest rate on both the bull bonds and the bear bonds converts to a fixed rate following a prespecified conversion date, typically the first call date.
After the conversion date, both the bull bonds and bear bonds will pay |X~.