bond basis book

Definition

A table or a book of tables that show the yields of bonds at differing rates of interest and maturities. As an example, if an investor is considering the purchase of a bond, then they can take the bond's coupon rate and the maturity and compare them in the bond basis book in order to determine the yield. Although the bond basis book is good for approximating the yields, in reality financial calculators are much more accurate, especially in the case of more complex bonds.

Use bond basis book in a sentence

Our bond basis book was a really interesting thing to read about and I was happy with what it said.

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The bond basis book was useful to the broker who showed his client the different bonds and interest rates available.

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We took our time studying the bond basis book before coming away with a more well rounded sense of what our investment options should be.

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