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flat bond

American  

noun

  1. a bond that is traded without accrued interest as part of the price.

Example Sentences

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But most Russian bond positions are unprotected from rouble fluctuations, because of a flat bond yield curve.

From Reuters

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.