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| Rally |
An upward movement of prices. Opposite of recovery |
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| Range |
The high and low prices, or high and low bids and offers recorded during a specified time. |
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| Rate anticipation swaps |
An exchange of bonds in a portfolio for new bonds that will achieve the target portfolio duration, based on the investor's assumptions about future changes in interest rates.
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| Reaction |
A decline in prices following an advance. Opposite of rally |
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| Realized Profit/Loss |
gain/loss for already closed positions. |
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| Resistance |
price level for which the intensive selling can lead to price increasing (up-trend) |
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| Refunding |
The redemption of a bond with proceeds received from issuing lower-cost debt obligations ranking equal to or superior to the debt to he redeemed |
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| Return |
The change in the value of a portfolio over an evaluation period, including any distributions made from the portfolio during that period.
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| Risk-free or riskless asset |
An asset whose future return is known today with certainty. |
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| Round-turn |
Procedure by which the long or short position of an individual is offset by an opposite transaction or by accepting or making delivery of the actual financial instrument or physical commodity. |
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