Arrayed and Sequential

verb

• Lay out orderly or logically in a line or as if in a line.
  • usage: "lay out the clothes"; "lay out the arguments"
  • synonyms: range, array, lay out, set out
• Align oneself with a group or a way of thinking.
  • synonyms: align, array

adjective

• In ceremonial attire and paraphernalia.
  • usage: "professors arrayed in robes"
  • synonyms: panoplied

adjective

• In regular succession without gaps.
  • usage: "serial concerts"
  • synonyms: consecutive, sequent, serial, successive

Sequential is a class of bonds often described as short or long-term. It is critical to analyze the relationship of these bonds relative to the underlying collateral coupon. One version of these bonds is vulnerable to extension risk whereas another version is vulnerable to call risk.