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.
References in periodicals archive ?
Meanwhile, the biggest bloc of the long-term debt were P850 billion worth of benchmark bonds, or papers that can be traded in the secondary market.
Bloomberg has reported that according to Nomura Holdings Inc (NYSE: NMR), Queensland state's funding arm would halt new sales of benchmark bonds because of market volatility.
Last week, ARDAL told Reuters that Slovakia intends to place in April new benchmark bonds with a maturity of between 10 or 15 years as syndicated paper registered on the local market in a bid to tempt new investors and enhance liquidity.
In late January it raised 8 billion euros with the sale of new, 5-year benchmark bonds.
Since the middle of 1998, trading in the benchmark bonds has often fallen below 20% of overall daily transactions.
HE CDS index, which is comprised of twenty benchmark bonds comprising the largest, most liquid issues from active RMBS issuers (see www.
In September, the Treasury swapped P237 billion in illiquid state debt papers with new benchmark bonds due 2025 and 2040.
The Dominican Republic has said that it is planning to sell benchmark bonds overseas.
Last month, the government's domestic liability management exercise attracted about P388 billion in tender offers-P134 billion for benchmark bonds due 2025 and P254 billion for benchmark bonds due 2040.
THE GOVERNMENT attracted about P388 billion in tender offers for the exchange of state debt paper with new benchmark bonds, National Treasurer Roberto B.
Benchmark Notes and Benchmark Bonds are registered marks; and Benchmark Bills and Benchmark Securities are trade marks of Fannie Mae.