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.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Official settlements balance (overall balance)

An overall measurement of a country's private financial and economic transactions with the rest of the world.

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