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| Glossary |
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- Yankee market
- The foreign market in the United States.
- Yield curve
- The graphical depiction of the relationship between the yield on bonds of the same credit quality but different maturities: Related: Term structure of interest rates
- Yield curve option-pricing models
- Also called arbitrage-free option-pricing models, models that can incorporate different volatility assumptions along the yield curve, such as the Black-Derman-Toy model.
- Yield curve strategies
- Positioning a portfolio to capitalize on expected changes in the shape of the Treasury yield curve.
- Yield ratio
- The quotient of two bond yields.
- Yield spread strategies
- Strategies that involve positioning a portfolio to capitalize on expected changes in yield spreads between sectors of the bond market.
- Yield to call
- For a bond that may be called prior to maturity, the yield to the first call date.
- Yield to maturity
- The interest rate that will make the present value of a bond's remaining cash flows (if held to maturity) equal to the price (plus accrued interest, if any).
- Yield to worst
- The bond yield computer by always using the lower of either the yield to maturity or the yield to call on every possible call date.