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Meaning of “bellwether bond” in the English Dictionary

"bellwether bond" in Business English

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bellwether bondnoun [C]

uk   us   (also bellwether) FINANCE
a government bond whose changes in interest rate are believed to show the future direction of the rest of the bond market: The yield on the bellwether bond dropped early Wednesday to its lowest level in nearly seven months.
(Definition of bellwether bond from the Cambridge Business English Dictionary © Cambridge University Press)
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