High-grade bond

High-grade bond

A bond with Triple-A or Double-A rating in Standard & Poor's, or Moody's rating system.

Investment Grade

Describing a bond with a medium or high rating. Bonds rated Baa3 by Moody's or BBB- by S&P or Fitch. Investment-grade bonds are considered sufficiently low-risk that the law allows banks to invest in them. In addition to being low-risk, investment-grade bonds are low-return, greatly reducing the cost on the issuer. Most American Treasury and municipal bonds are investment-grade. See also: Junk, High-Rating.
References in periodicals archive ?
He also held roles with Delaware Investments, where he served as vice president of Private Placement Investments, and at Banc of America Securities, where he worked as a senior associate, responsible for High-Grade Bond and Credit Derivative Sales.
The dominant share of high-grade bond investors -- 60% -- epitomizes the quality of the demand for the CVRD 2017 and CVRD 2036 notes.
This is the kind of paper that can be recycled into high-grade bond paper.
However, given that the tests focus on comparing low-grade with high-grade bond fund returns, the relevant question is whether there is reason to believe there is a bias in the difference between the two returns.
Tucker said, 'The reopening of high-grade bond markets has definitely been encouraging.
The dominant share of high-grade bond investors -- 75% -- epitomizes the quality of the demand for the CVRD 2016 notes.
75 billion high-grade bond offering and Archer Daniels Midland's $1.
European high-grade bond commissions included distribution fees of $3.
European high-grade bond commissions in the first quarter of 2008 included distribution fees of $3.
Wachovia's High Grade group nearly doubled its number of lead managed high-grade bond offerings in 2003, building strong momentum in a market that saw total fees drop by 2 percent on a more than 20 percent drop in the number of issuances last year.
Wachovia Securities is on track to nearly double its number of lead managed high-grade bond offerings this year and is committed to maintaining this momentum as it builds a leading corporate debt markets platform.

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