Menkul Kıymetler
sabit faizli menkul kiymet
İngilizce: fixed interest security
Türkçe Tanım
Degisken faizli veya endekse bagli menkul kiymetlerden farkli olarak omru boyunca sabit bir faiz orani odeyen borc enstrumandir. Kupon orani ihracta belirlenir ve sonraki piyasa faiz orani hareketlerinden bagimsiz olarak degismez. Sabit faizli menkul kiymetler devlet tahvilleri, kurumsal tahviller ve belediye tahvillerini icerir ve piyasa fiyatlari mevcut faiz oranlarindaki degisikliklerle ters orantilidir, bu da sureyi portfoy yonetimi icin temel bir risk olcusu haline getirir.
English Definition
A debt instrument that pays a constant rate of interest throughout its life, as distinguished from floating rate or index-linked securities. The coupon rate is set at issuance and does not change regardless of subsequent market interest rate movements. Fixed interest securities include government gilts, corporate bonds, and municipal bonds, and their market price is inversely related to changes in prevailing interest rates, making duration a key risk measure for portfolio management.