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 ?
Mercedes-Benz pickup to share some of the architecture with the all-new Nissan NP300
Dialtone Pickups are active, allowing players to alter the tone of their guitar by using two knobs that directly are built into the pickup.
Industry participants pay particular attention to pickup trucks for a variety of reasons.
Isuzu President Yoshinori Ida told a news conference, ''Given that local dealers have favorably responded to the new pickup truck, it is likely that local customers will like it.
UPS (NYSE:UPS) today announced the launch of UPS Freight Pickup Notifications for LTL, providing an unprecedented level of pickup control for the less-than-truckload (LTL) industry.
Traditionally, changing these physical qualities allowed different types of pickups to produce characteristic sounds.
In our 35th year, we are pushing in new directions with vision-driven products, breaking down real and perceived barriers to adoption of aftermarket pickups, and broadening the heritage products that made Seymour Duncan the premier provider of tools for personal voicing and tone for guitar and bass players worldwide.
The Japanese will not be able to make significant inroads into the pickup segment immediately or even over a few years, for reasons of consumer mentality but also because they do not have a platform or engine to build three-quarter and one-ton pickups, so they are not able to serve that subsegment at all.
Many have separate to-go entrances and pickup counters.
Pickup dates: Through Sunday in Eugene-Springfield area.
UPS Smart Pickup(sm) is the latest in a series of UPS's Decision Green[R] efforts and is designed for customers who want the convenience of a scheduled pickup but who may not ship a package every day.
And, as a direct drop-in replacement for current humbucker pickups, Dialtone's infinitely tone-adjustable pickup will make the switch to a vastly better sound that much quicker and easier.