Flat trades

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Flat trades

A bond in default trades flat; that is, the price quoted covers both principal and unpaid accrued interest. Any security that trades without accrued interest or at a price that includes accrued interest is said to trade flat.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Flat Trades

1. Securities that do not trade with accrued interest included in the price. For example, most American exchanges trade bonds without including interest. See also: Clean price.

2. Securities, especially bonds, that normally trade with accrued interest but are not because of a significant problem. Normally, a bond flat trades when it is in default.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The banks and financial services sector saw almost flat trade volume at 13.37mn equities but on 22% increase in value to QR425.23mn and 8% in deals to 5,237.
The massive order book and the relatively flat trade growth outlook suggest that capacity growth will continue to outstrip cargo growth.
(http://www.ibtimes.co.uk/articles/528250/20131207/gold-prices-economy-fed-qe-taper.htm) Prices witnessed flat trade a week ago , after the release of US labour market data.
Muscat : The MSM 30 Index witnessed a spike trailing back the continuous positive trend since last week despite a flat trade on Monday.
We'll have to wait and see, but ebooks have energized traditionally flat trade book sales.
Key data points on the macro front included remittances at US$11.2bn in FY11 (+26% YoY), a flat trade deficit of US$15.6bn and an 8% YoY decline in foreign investment to US$1.92bn for the year.
Hong Kong shares broke out of early flat trade, with the Hang Seng Index rising 0.6%, helped by financials in the wake of solid earnings from European peers.
Economists said the monthly figure was slightly better than expected but a cause for concern lay in flat trade with EU countries.
Economists contrasted flat trade with EU countries in March with lively exchanges with other countries, where British exports rose by 3.5 per cent while imports were 2.5 per cent higher.
Economists said the monthly figure was better than expected but a cause for concern lay in flat trade with EU countries.