Sequential and Ongoing

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.

adjective

• Currently happening.
  • usage: "an ongoing economic crisis"
  • synonyms: on-going