Examples include: steenth, meaning a sixteenth; POBs, meaning pension obligation bonds and beeps, short for basis points, to name just a few. In corporate bonds it’s easy to buy a bond maturing in 2020 yielding 3%. Morgan Stanley has a new issue with a similar long order period as Goldman Sachs did. The order period on these Morgan Stanley beauties runs until January 28. The CUSIP for the Morgan Stanley bonds is 61760QMJ0.

Source: Forbes January 22, 2019 16:41 UTC