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Uninsured Bond
(redirected from Uninsured Bonds)

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Uninsured Bond
A bond on which payment is not guaranteed by a bond insurance company. An uninsured bond is not protected from default; that is, if the issuer states that it is unable to pay the bond, there is no recourse for bondholders to recoup their investment. Because of this added risk, uninsured bonds often carry a higher coupon rate than insured bonds.
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without insurance), this study compared each insured and uninsured rated issue to BBB-rated uninsured bonds (Moody's, 2005).
Evaluation of yields for insured tax-exempt hospital bonds by McCue, Michael J. / Research in Healthcare Financial Management
For example, spreads for uninsured AAA-rated and AA-rated bonds were negative, meaning that the insured bonds actually had higher yields than the uninsured bonds.
Does Bond Insurance make sense for you? by Moore, Frank / Government Finance Review
Moreover, the change may increase the funds' income yields over time because uninsured bonds historically offer higher yields than insured bonds.
News Tips From The Vanguard Group; Vanguard State Tax-Exempt Funds to ... by PR Newswire
 
 
 
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