ACT/ACT
Uses actual elapsed days with an actual-year denominator under a specified Actual/Actual methodology.
Market use
Common in government-bond markets, but variants matter.
What it means
Uses actual elapsed days with an actual-year denominator under a specified Actual/Actual methodology.
Example
Always identify the specific Actual/Actual convention rather than assuming one universal formula.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.