Par yield
From ACT Wiki
Today’s market yield on a coupon bond trading at par and redeemable at par
= the fixed coupon rate payable on such a ‘par bond’.
Also known as Par rate, Swap rate or Swap yield.
Today’s market yield on a coupon bond trading at par and redeemable at par
= the fixed coupon rate payable on such a ‘par bond’.
Also known as Par rate, Swap rate or Swap yield.