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 ?
com has released a new blog post explaining General Motors' great pickup truck success story.
Global Pickup Trucks Market 2015 Industry Research Report is a professional and in-depth study that provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.
RAY: The problem for manufacturers is that, once you design and build a smaller pickup truck and equip it with everything a modern vehicle needs to have, it doesn't cost much less than a full-size pickup.
Pickup trucks are the primary work vehicle for most physical jobs like construction, agriculture, ranching, landscaping and forestry, among others.
Both pickup trucks and passenger cars are produced at the plant, with the vehicles divvied up between the two automakers for sale under their respective brands.
The resilience of pickup trucks is evidenced by the fact that the Ford F-150 and Chevrolet Silverado were among the top 10 models sold in the Cash for Clunkers program during the summer of 2009.
Saturday night's crash at 110th Street West and Avenue I killed Linn and injured two other people in the pickup truck with her, and also injured a man and a boy in the other pickup truck.
What started as a college project for Levine grew into a life-long passion for pickup trucks.
The firm said that it was recalling 690,000 Tacoma pickup trucks in the United States to fix a suspension system flaw that could result in vehicle fires.
said Tuesday it will begin sales of its Thai-made D-MAX pickup truck in Russia in February, expecting to sell 1,000 vehicles in the initial year and 5,000 in the third.
light vehicle sales and production in general, but one of the most painful aspects for the Big Three might be the state of the pickup truck market.