Liquid yield option note (LYON)
Zero-coupon, callable, putable, convertible bond invented by Merrill
Liquid yield option note (LYON) ...
See: Liquid yield option note
Ladder strategy
A bond portfolio construction strategy that invests approximately equal amounts in every maturity within a given range.
Lady Macbeth Strategy ...
See: Liquid yield option note Ladder strategy A bond portfolio strategy in which the portfolio is constructed to have approximately equal amounts invested in every maturity within a given range.
Introduced as Liquid Yield Option Notes (LYONS), these securities have a Put Option that permits holders to redeem the bonds within three years after the initial offering.
 See also: Convertible Bond, Yield curve, Debt ratio, Yield spread, Long-term debt ratio
  
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