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Collateralized Mortgage Obligation (CMO) Data Glossary

Data field Definition Why we share this data
Convertible Used to indicate if the bond is convertible. A convertible bond is a corporate debt security that can be converted into equity at specific times during the bond's lifcycle usually at the discretion of the bondholder. So that investors understand the nature of the bond.
Coupon Rate A coupon rate is the annual interest rate paid by the issuer to you when you hold a bond that you have purchased. These interest payments are generally made semiannually, although some bonds may pay interest more or less frequently. The coupon multiplied by the par value is the dollar amount the issuer pays annually. For instance, the issuer of a bond with a par value of $1,000 and a coupon rate of 4.5 percent ($45) would make two semiannual coupon payments of $22.50 each to each bondholder. Generally, the higher the coupon rate, the higher your return on investment but the greater the risk you incur. Coupon payments are paid until the maturity date, at which time the par value for each bond will be paid back by the issuer along with the final interest payment. If the coupon rate is zero percent, the bond is likely a zero coupon bond: Instead of the issuer paying interest payments, you buy the bond at a discount from the par value and are paid the par amount when the bond matures.
So that investors can understand the potential bond returns. 

Learn more about Investing in Bonds.
Coupon Type Coupon types can be fixed or floating rate typically paid annually or semiannually during the lifetime of the bond. In fixed-rate bonds, the coupon rate does not change during the life of the bond, whereas, in the case of floating rate bonds, the coupon rate is reset at certain times or periodically (for example, semi-annually) and the next coupon can be higher or lower than the previous one.
So that investors can understand the  way payments are calculated for a bond.
CUSIP A unique identifier used for US and Canadian registered stocks, US government and municipal bonds, exchange traded funds, and mutual funds assigned by the CUSIP committee. It is a nine-digit alphanumeric code. The issuer is identified in the first six characters, the next two positions identify the specific asset and the last digit is a check digit.

Brokerage firms must have a daily license in place with Standard & Poor's CUSIP Bureau to acquire a full list of reportable bonds by CUSIP number.
It is a unique identifier for securities.
Issuer Name The name of the entity that issued the bond. So that investors know the bond origin.
Issuing Agency The agency issuing the security.  
Latest Sale& Price

The Price figure is the all-in price for a trade, inclusive of a mark-up or markdown and is updated from 8:00 a.m. to 5:15 p.m. Eastern Time. If there is a commission on the trade, it will be entered in a separate field on the trade report, but will be disseminated as the combined price.

Price data is disseminated on executed bond trades, not bond quotes. The TRACE system has no execution capability, nor can it accept quotations.

To learn more about bond prices, see Bond Basics

To learn about how to buy and sell bonds, see Buying and Selling Bonds.
Latest Sale Yield

Yield is a general term that relates to the return on the capital you invest in a bond and is expressed as a percentage. There are different ways to calculate yield. We share the lower of Yield to Call (retirement of the bond at a date prior to maturity) or Yield to Maturity. This type of yield is called Yield to Worst (YTW) and is generally used to provide the most conservite potential return a bond can give you.

For certain variable-rate securities and defaulted bonds trading flat of accrued interest, no yield will be displayed. For certain bonds with unknown variables, yield is not required. For example, yield is not required for floating rate notes (FRNs), step-up or step-down bonds for which the steps are not known, Pay-in-Kind (PIK) bonds, perpetual bonds, or index-linked bonds.

To learn more about yield and return, see Understanding Bond Yield and Return
Maturity Date

A bond’s maturity date is the date the issuer is committed to paying you the par value of the bond, unless the bond is callable and is redeemed on an earlier date. At the maturity date, the issuer redeems each bond at the par amount.

Perpetual bonds have no maturity date.

Matured bonds have already reached their maturity date and may have already been redeemed by the issuer. It is also possible that the security has not yet been redeemed for several reasons. Please contact your financial professional on the status of this bond.

So that investors know when the issuer committed to paying the value of the bond.
Product Type Type of product.  
Product Subtype

Identifies the type of fixed income security, which may be: 

  • ABS - Asset Backed Securities
  • AGCY - Agency Bonds
  • CHRC - Church Bonds
  • CORP - Corporate Bonds
  • ELN - Equity Linked Notes
  • MBS - Mortgage Backed Securities
  • TBA - To Be Announced Securities
  • CMO - Collateral Mortgage Obligation Securities
So that investors can research bonds by subtype. 
Security Description A 30-character column that that describes the asset.  
Product Type Product type will be CMO  
Subproduct Type Product subcategory description, such as HOME.  
Symbol Security symbol assigned by FINRA for trade reporting purposes.  The FINRA proprietary symbol is offered free of charge. 
So that investors and markets have a free unique identifier for fixed income securities. 
144A Used to indicate if the bond is a 144A, which is a private placement offered in the United States So that users may understand the type of bond.