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Realized Yield

The return which is realized during the period a bond is held (therefore, it is a holding period return). If...

Par Put Convertible

A convertible which is embedded with a par-strike put option prior to final maturity. In other words, the holder has...

Yield To The Immediate Point

The yield which is calculated using the point at which half of the bonds (known as sinking fund bonds) in...

Yield Pick-Up Swap

A bond swap that involves swapping a relatively high-price bond with a relatively low-price bond (otherwise, the two bonds are...

Absolute Yield Spread

The difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities....

Yield Value of Price Change

A measure of interest rate risk that calculates the change in yield (of a fixed-income security) in response to a...

Yield Spread

The difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities....

Yield Curve

A graph that plots the relationship between yield to maturity (YTM) and maturity for a set of similar bonds (or...

Par Rate

The coupon rate at which the price of a bond (or a note, etc.) is made to equal its nominal...

Par Yield

The coupon rate at which the price of a bond (or a note, etc.) is made to equal its nominal...