Dutch auction

Dutch auction

Dutch auction

Auction in which the lowest price necessary to sell the entire offering becomes the price at which all securities offered are sold. This technique has been used in Treasury auctions.



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Duration

Duration

Duration

A common gauge of the price sensitivity of an asset or portfolio to a change in interest rates.



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Due bill

Due bill

Due bill

An instrument evidencing the obligation of a seller to deliver securities sold to the buyer. Occasionally used in the bill market.



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Drop, the

Drop, the

Drop, the

With the dollar roll transaction the difference between the sale price of a mortgage-backed pass-through, and its re-purchase price on a future date at a predetermined price.



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