YANKEE BOND is a dollar bond issued by a non-U.S.
borrower in the United States.
YELLING MARKETS refers to markets
where transactions involve the yelling of prices and quantities during
the transaction.
YEN is the currency of Japan. Its subdivisions
are 100 sen and 1000 rin.
YIELD is the annual return on an investment,
expressed as a percentage. The yield to redemption or maturity (the same
thing) combines the running yield with the "pull to redemption";
thus a bond which has a 10% coupon and exactly one year of remaining life
will sell at $98.2% when interest rates are at 12.0%, that 12.0% being
composed of 10.2% running yield and 1.8% pull to redemption ($100.0 -
98.2%).
YIELD TO MATURITY (YTM) is the rate of return the investor
will earn if a bond is held to maturity.
YTD is Year To Date; meaning the period beginning of
the calendar year, January 1st of the current year, or the fiscal year
up until today's date.
YTM see YIELD TO MATURITY.
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