Pickup

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Pickup

The gain in yield that occurs when a block of bonds is swapped for another block of higher-coupon bonds.

Pickup

The increase in yield that an investor gains when he/she swaps a bond with a lower yield and shorter maturity for one with a higher yield and longer maturity. The pick up entails risk for the holder of the lower yield bond (that is, the one who receives the high yield bond). This is because the high yield bond is almost always of lower credit quality and the longer maturity exposes the bondholder to interest rate risk and perhaps inflation risk. However, the pick up represents a higher return than the bondholder would have received with the lower yield bond.

pickup

A gain in yield that is achieved from swapping bonds. For example, a pickup of 30 basis points comes about when bonds with a 9.70% basis are traded for bonds with a 10.00% basis.
References in periodicals archive ?
With far more uses than just the workplace, this is one of the most attractive pick-ups around.
With payloads of more than one tonne pick-ups are treated as light goods vehicles with a taxable flat rate of just pounds 500.
According to BDO, there has been confusion, but the Inland Revenue has recently confirmed that doublecab pick-ups with a payload of over 1,000kg are to be taxed as vans rather than cars.
Isuzu entered India with the MU-7 sports utility vehicle and D-Max pick-up trucks in 2012.
Tax incentives make pick-ups an increasingly attractive proposition for many users, so manufacturers are responding by taking the sophistication of such vehicles to new heights.
In the UK the pick-up will be known as the Great Wall Steed
Introducing the Admiral and Grand Tiger pick-up range was the right thing to do in the current market situation as it is certainly a breather for any pick-up buyer.
The usefulness of the 4x4 and pick-ups came into their own during the tough weather and BCA reckons the demand for these vehicles will become permanent among those who need reliable and capable motors.
The company has taken this step to have pick-up truck engineering located in Thailand.
And your coach will never have more than five pick-up points (excluding motorway services) after you've joined the holiday.
an expert of pick-up trucks and SUVs in North China, clinched an agreement with Libya on October 20, 2008 on exporting 5,000 pick-ups.
MAZDA has knocked almost pounds 2,000 off the price of its lifestyle pick-up models, and introduced a luxuriously-equipped flagship model especially for the UK.