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CUSHION BONDA bond trading with a coupon rate higher than the then prevailing coupon rates, and therefore trading at a higher dollar price. Such bonds are typically priced to the call and create a substantially h [..]
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CUSHION BONDDefinition A fixed income security offering investors a high coupon payment that does not see as much of a decline in price due to rising interest rates than other bonds experience, and does not see a [..]
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CUSHION BONDA bond whose coupon is above current market rates. Some investors believe that cushion bonds may decrease proportionately less than current coupon bonds in an increasing interest rate environment.
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CUSHION BONDA callable bond that is not as sensitive to interest rate fluctuations because of its early call option.
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