Z-BOND
"Z-Bond" is a bond that is usually the last to mature or to receive payment. It is often used in Collateralized Mortgage Obligations (CMOs), wherein the interest that is supposed to be paid on Z-bonds is used for paying down principal on earlier bonds instead. Because of its nature to accrue interest rather than pay it out, Z-bond is also called an "accrual bond."
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:30 | NAB Business Confidence | Apr | |
| 05:00 | Expected Annual Inflation 2y from now | 2 quarter | |
| 09:00 | SECO Consumer Confidence | Apr | |
| 14:30 | Building Permits | Mar | |
| 18:45 | SNB Chairman Thomas Jordan Speaks | ||
| 00:45 | Visitor Arrivals | Mar | |
| 01:50 | Domestic Corporate Goods Price Index | Apr | |
| 08:00 | Claimant Count Change | Apr | |
| 08:00 | Average Earnings Index | Mar |
