Being a “Good J-Key” probably meant a fireman who was cool under the pressure and could send clear Morse code. “J-Key” was eventually shortened to “Jake”, and when spread to the public, “Jake” came to be a common term for firemen in general.
Related
- Is higher Z-spread better? In practice, the Z-spread, especially for shorter dated bonds and for better credit-quality bonds, does not differ greatly from the conventional asset–swap spread. The Z- spread is usually the higher spread of the two, following the logic of spot rates, but not always.
- What does high G spread mean? Two related concepts are the G-spread and the I-spread. The G-spread is the yield spread in basis points over an interpolated government bond. The spread is higher for bearing higher credit, liquidity, and other risks relative to the government bond.
- Where is the lot number on peanut butter? For Consumers Check if you have Jif peanut butter in your home. Locate the lot code on the back of the jar, under the Best If Used By Date (the lot code may be next to the Best If Used By Date for cups or squeeze pouches).
- What is Z-spread vs OAS? Key Takeaways. The option-adjusted spread (OAS) considers how a bond's embedded option can change the future cash flows and the overall value of the bond. The option-adjusted spread adjusts the Z-spread to include the embedded option's value.
- How do you read lot number on Jif peanut butter? All of the affected Jif peanut butter products can be identified by their lot code numbers, which is often found near the "best by" date (it's different from the UPC number on the bar code). If the lot code's first seven digits end with 425, that means it was made in Lexington.
- How do you calculate the G spread of a bond? G spread: the spread over or under a government bond rate, also known as the nominal spread. For example, suppose a 10-year, 8%-coupon bond is selling at $104.19, yielding 7.40%. The 10-year Treasury bond (6% coupon rate) has a YTM of 6.00%. Therefore, the G spread is 7.40% - 6.00% = 1.40%, or 140 basis points.