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Benchmark
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| - | A standard used for comparison or to indicate an overall trend. A benchmark [[Bond|bond]], for example, is usually the most recent one of its type issued in a large quantity. It sets the standard for the rest of the market. A benchmark issue is highly liquid. | + | A standard used for comparison or to indicate an overall trend. A benchmark [[Bond|bond]], for example, is usually the most recent one of its type issued in a large quantity. It sets the standard for the rest of the market. A benchmark bond issue is highly liquid. |
Revision as of 13:51, 18 July 2009
A standard used for comparison or to indicate an overall trend. A benchmark bond, for example, is usually the most recent one of its type issued in a large quantity. It sets the standard for the rest of the market. A benchmark bond issue is highly liquid.