Super Finance Glossary

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Over 10,000 financial glossary terms...

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Browsing by the letter "Y"

38 Matches Were Found - Displaying next 38 results out of 38
Yield Curve Strategies
Definition: Investments that position a portfolio to capitalize on expected changes in the shape of the Treasury yield curve.
Yield Differential/pickup
Definition: Mainly applies to convertible securities. Graph showing the term structure of interest rates by plotting the yield of all bonds of the same quality with maturities ranging from the shortest to the longest available.
Yield Equivalence
Definition: The interest rate at which a tax-exempt bond and a taxable security of similar quality give the investor the same rate of return.
Yield Maintenance
Definition: Assistance from a financial institution's insurer that provided a guarantee that certain assets purchased by an acquiring institution in a resolution would yield a prescribed rate of return. In many cases, the yield on these assets could be substantially higher than the institution's cost of funding or cost of carrying the assets. Conceptually, yield maintenance and income maintenance agreements are similar in that they both essentially provide for income protection for nonperforming or low-yielding assets acquired in an assistance transaction.
Yield Ratio
Definition: The quotient of two bond yields.
Yield Spread
Definition: The difference in yield between different security issues usually securities of different credit quality.
Yield Spread Strategies
Definition: Investments that position a portfolio to capitalize on expected changes in yield spreads between sectors of the bond market.
Yield To Average Life
Definition: A yield calculation in which bonds are retired routinely during the life of the issue. Since the issuer buys its own bonds on the open market because of sinking fund requirements, if the bonds are trading below par, this action provides automatic price support for these bonds and they will usually trade on a yield to average life basis.
Yield To Call
Definition: The percentage rate of a bond or note if the investor buys and holds the security until the call date. This yield is valid only if the security is called prior to maturity. Generally bonds are callable over several years and normally are called at a slight premium. The calculation of yield to call is based on coupon rate, length of time to call, and market price.
Yield To Maturity
Definition: The percentage rate of return paid on a bond, note, or other fixed income security if the investor buys and holds it to its maturity date. The calculation for YTM is based on the coupon rate, length of time to maturity, and market price. It assumes that coupon interest paid over the life of the bond will be reinvested at the same rate.
Yield To Maturity
Definition: The rate of return an investor receives if a fixed income security is held to maturity.
Yield To Warrant Call
Definition: Applies mainly to convertible securities. Effective yield of usable or synthetic convertible bonds determined against the first date at which the warrants can be called.
Yield To Warrant Expiration
Definition: Applies mainly to convertible securities. Effective yield of usable convertible bonds determined by the expiration date of the applicable warrants.
Yield To Worst
Definition: The bond yield computed by using the lower of either the yield to maturity or the yield to call on every possible call date.
Yo-yo Stock
Definition: A highly volatile stock that moves up and down like a yo-yo.
YT
Definition: The two-character ISO 3166 country code for MAYOTTE.
YU
Definition: The two-character ISO 3166 country code for YUGOSLAVIA.
YUM
Definition: The ISO 4217 currency code for the Yugoslavia New Dinar.
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