Axe

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Dictionary Says

Definition of 'Axe'

The interest a person or trader shows in buying or selling a bond. A trader may have specific interest in a certain type of bond based on his or her existing positions.
Investopedia Says

Investopedia explains 'Axe'

In a bond market, trader axes are matched up in order to execute a transaction.

Related Definitions

  • Bond

    A debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. Bonds are used ...
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  • Fixed-Income Security

    An investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. Unlike a variable-income security, where payments change ...
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  • Transaction

    An agreement between a buyer and a seller for the exchange of goods or services for payment.
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