Bond with long-term coupons but short maturity, usually a home financing bond. Super sinker bonds are sometimes used when some of the mortgages backing the bond get prepaid, and so the bond is likely to be paid off quite soon. The bond holder is uncertain as to when exactly the pay-off may occur, but the annual return on these bonds works out quite high over the short-to-medium-term holding period.
Related information about super sinker bond:
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Definition of super sinker bond: Bond with long-term coupons but short maturity, usually a home financing bond. Super sinker bonds are sometimes used when ...
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Usually a home financing bond, but also any other bond that has long-term coupons but short maturity; the mortgages may be prepaid, and the holders may ...
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- Super Sinker Bond: Definition from Answers.com
bond with long-term coupons (which might equal a 20-year-bonds yield) but with short maturity. Typically, super sinkers are housing bonds, which provide.
- super sinker bond
A bond with long-term coupons coupled with a short-term maturity. Such a bond...
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super sinker bond noun - definition, audio pronunciation and more for super sinker bond noun: a bond that matures (= is due for payment) after a short period of ...
- J - Texas Public Finance Authority
No assurance can be given that such Super Sinker Bond redemptions will be realized. See "DESCRIPTION OF THE 2010 BONDS - Super Sinker Redemptions" ...