Current coupon bond

Current Coupon Bond
A municipal, corporate or government bond that has a coupon within half a percentage point of current market rates.

Current Coupon Bond
Bonds on which the coupon is set approximately equal to the bonds' yield to maturity at the time of their issuance.
Current-coupon issues
Related: Benchmark issues ...

Unlike a current coupon bond , which has a higher interest rate, a deep discount bond will appreciate faster as interest rates fall and drop faster as rates rise.

current coupon bond A bond with a coupon within 0.5% above or below current market rates. current debt A balance sheet item which equals the sum of all money owed by a firm and due...

See also: Credit spread, Margin account, Cash account, Capital appreciation, Bills