Benchmark Bond
A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".

Investopedia Says:
More specifically, the benchmark is the latest issue within a given maturity. For a comparison to be appropriate and useful, the benchmark and the bond being measured against it should have a comparable liquidity, issue size and coupon.

Related Terms:
Benchmark
Bond
Coupon
Government Security
Liquidity
Maturity
Trading Effect
Treasury Bond

• Startup
• State Administrator
• Stated Annual Interest Rate
• Stated Income / Stated Asset Mortgage (SISA)
• Stated Value
• State Guaranty Fund
• Statement of Additional Information (SAI)
• Statement of Financial Accounting Concepts (SFAC)
• Statement of Financial Accounting Concepts (SFAC)
• Statement of Financial Accounting Standards (SFAS)
• Statement of Financial Accounting Standards (SFAS)
• Static Budget
• Static Spread
• Statistical Arbitrage
• Statistically Significant
• Statistics
• Statutory Accounting Principles (SAP)
• Statutory Accounting Principles (SAP)
• Statutory Voting
• STD
• Stem The Tide
• Step-out Trading
• Step-Up Bond
• Step-Up In Basis
• Sterile Investment