Lehman Investment Opportunity Note (LION)
Contents
Unveiling the Lehman Investment Opportunity Note (LION): A Unique Treasury Bond
Exploring the Lehman Investment Opportunity Note (LION)
Dive into the world of Lehman Investment Opportunity Notes (LIONs), a distinctive type of zero-coupon Treasury bond issued by Lehman Brothers from the mid-1980s until the firm's bankruptcy in 2008. Learn about the features, history, and significance of LIONs in the financial markets.
Understanding LIONs: A Unique Investment Vehicle
Discover how Lehman Investment Opportunity Notes (LIONs) revolutionized the bond market by offering investors a novel way to invest in U.S. Treasury bonds. Explore the mechanics of zero-coupon bonds, coupon stripping, and the role of brokerage houses in distributing these securities.
The Rise and Fall of the Felines: LIONs and Other Zero-Coupon Bonds
Uncover the era of the "felines" in finance, where LIONs, TIGRs, and CATS dominated the market with their unique characteristics. Learn about the evolution of zero-coupon bonds and their eventual decline following the introduction of government-issued STRIPS.