Fixed-dollar security

(redirected from Fixed-Rate Securities)

Fixed-dollar security

A nonnegotiable debt security that can be redeemed at some fixed price or according to some schedule of fixed values, e.g., bank deposits and government savings bonds.

Fixed-Dollar Security

References in periodicals archive ?
Jennings: I think insurance companies are responding by investing in floating rate securities, investing in preferred securities, or different asset classes that are diversifying their portfolio.They're not tied to fixed-rate securities while there's a rising interest rate market.
Due to their variable coupon resets, US Treasury floating rate securities will not be eligible for existing flagship indices such as the US aggregate, global aggregate, and US Treasury indices that include fixed-rate securities only.
fixed-rate securities in a rising rate environment, realized or as part
Yields on peso bonds have already dropped to record lows as an unexpected dip in consumer prices in October buoyed demand for fixed-rate securities. The Central Bank expects inflation to be as low as 2.6% in 2010 and roughly 2.0% in 2011.
Those three-year fixed-rate securities yield 1.922%.
That is, when interest rate swaps are used in the traditional manner to swap from fixed to floating cash flows, swap gains or losses simply do not offset--nor should they be expected to offset--the fair values of the fixed-rate securities that generate the original fixed-rate payments (receipts).
The emirate sold 2.5bn dirhams of five-year fixed-rate securities, paying a coupon of 4.25pc, and 4bn dirhams of five-year floating-rate bonds with a coupon of 50 basis points more than the three-month Emirates Interbank Offered Rate.
Amgen sold $2 billion of 18-month floating-rate notes; $1.1 billion of 5.85% 10-year fixed-rate securities and $900 million of 6.375% 30-year bonds.
As of June 1998, the average ratio of cumulative loss to original principal balance was only 1.36 percent for the fixed-rate securities and 0.78 percent for the adjustable-rate securities.
This would be so, for example, in the case of an institution that invests in both securities backed by fixed-rate mortgages and adjustable-rate mortgage loans (ARMs); long-term fixed-rate securities and ARMs are funded in significantly different ways.
The fixed-rate securities will be issued under the bank's global medium-term note programme on 14 August, DBS said after pricing the securities.
For example, one leading issuer increased its 1995 first quarter Aaa enhancement levels on adjustable and fixed-rate securities by 30 percent and 15 percent, respectively, during the second half of 1994.