• Refers to a group of securities that are similar with respect to maturity, type, rating, and/or coupon.
• Refers to a group of securities that are similar with respect to maturity, type, rating, industry, and/or coupon.
| ||Embedded terms in definition|
| ||Referenced Terms|
| ||Ambac: Is the holding company that provides financial guarantee insurance for both public and private Sector clients. This insurance can improve credit ratings.|
| ||Attribute bias: The tendency of stocks preferred by the dividend discount model to share certain equity attributes such as low price-earnings ratios, high dividend yield, high book-value ratio or membership in a particular industry Sector.|
| ||Generic: Refers to the characteristics and/or experience of the total universe of a coupon of MBS Sector type; that is, in contrast to a specific pool or collateral group, as in a specific CMO issue.|
| ||Industry fund: See Sector Fund.|
| ||Intramarket sector spread: The spread between two issues of the same maturity within a market Sector. For instance, the difference in interest rates offered for five-year industrial corporate bonds and five-year utility corporate bonds.|
| ||Related Terms|
| ||Industry sector|
Intermarket sector spread
Intramarket sector spread
Tax exempt sector