story bond

Story Stock/Bond

1. A stock or bond with highly unusual characteristics that are often difficult to understand. Investors are usually hesitant to invest in stocks or bonds (or other securities) that they do not understand; thus, representatives of the issuer or the underwriters must explain the stock's or bond's features in such a way as to convince the investor to buy it. The term comes from the fact that having the stock or bond explained can feel like having a story told to the investor.

2. Especially for stocks, a security with a price or value that is highly dependent on positive press coverage.

story bond

A bond so unusual or having such complicated features that salespeople are frequently called on to explain its intricacies to customers. Story bonds sometimes offer slightly higher yields than ordinary bonds as a way of convincing investors that they are worth holding.
References in periodicals archive ?
Full Story Bond Yields Rise on Credit Ratings Fears Trevor Williams, Chief Economist at Lloyds TSB Financial Markets Speculation that the Fed may boost its asset purchase programme to reinvigorate economic growth and rising concerns about the credit standing of the US saw the dollar come under strong selling pressure this week.
Full Story Bond Yields, SWAPS Fall on Downbeat BoE Report Trevor Williams, Chief Economist at Lloyds TSB Financial Markets The dollar weakened against its major counterparts this week following a series of disappointing US economic data and a rebound in equity markets late in the week.
Hyman specializes in project-related finance, securitizations, story bonds and infrastructure finance.