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Yankee bonds

Definition:

Foreign bonds denominated in U.S. dollars and issued in the United States by foreign banks and corporations. These bonds are usually registered with the SEC. Such as, bonds issued by originators with roots in Japan are called Samurai bonds.

Investing Essentials


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

Term of the Day

Interest rate parity theorem

Expression that the interest rate differential between two countries is equal to the difference between the forward foreign exchange rate and the spot rate.

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