Butterfly shift

Butterfly shift

Butterfly shift

A non-parallel shift in the yield curve involving the height of the curve.

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Business risk

Business risk

Business risk

The risk that the cash flow of an issuer will be impaired because of adverse economic conditions, making it difficult for the issuer to meet its operating expenses.

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Business cycle

Business cycle

Business cycle

Repetitive cycles of economic expansion and recession.

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Bundling, unbundling

Bundling, unbundling

Bundling, unbundling

A trend allowing creation of securities either by combining primitive and derivative securities into one composite hybrid or by separating returns on an asset into classes.

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Bullish, bearish

Bullish, bearish

Bullish, bearish

Words used to describe investor attitudes. Bullish refers to an optimistic outlook while bearish means a pessimistic outlook.

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Bullet strategy

Bullet strategy

Bullet strategy

A strategy in which a portfolio is constructed so that the maturities of its securities are highly concentrated at one point on the yield curve.

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Bullet loan

Bullet loan

Bullet loan

A bank term loan that calls for no amortization.

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