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 ?
Customers buying BAIC Grand Tiger G3 Single Cab Pickup will get a free gift fuel card worth RO50.
Yalla Pickup fill a gap by connecting service providers with the people who need them.
Pickups generally can be characterized by a resonant frequency and Q value.
The fact that pickup truck sales shot up in the same period is not a coincidence, and the decision by contractors to buy new trucks rather than repair old ones may indicate an expectation of long-term improvement in the rate of U.
Production of pickup trucks suffered a similarly gut-wrenching decline, from 2.
It's one of the ways we share profits with the policy holders," Pickup says.
Ensure that clients have an effective hard drive encryption solution prior to asset pickup.
But when you get below the diehard preference for pickups, you see things have started to change.
Musharbash's 2006 Dodge pickup was traveling east at 60 or 65 mph, passing slower-moving vehicles, near 190th Street West when he saw the big rig coming the other direction.
Production of the completed pickup trucks for export to other countries will be granted to GM Thailand as before.
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.
With soft-iron shielding of only one [2] or two [3] layers the pickup sensors were located within the shielding and stabilization suppression factors k as high as 400 have been observed [3].