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 ?
Hence, Hyundai is also planning to launch a compact SUV later this year on top of its first pickup truck.
Industry participants pay particular attention to pickup trucks for a variety of reasons.
If the old pickup truck is not running like it used to, then it may be time for a tune-up.
com will continue to operate as a stand alone website focused on the pickup truck market and continue under the leadership of site editor Mike Levine.
Volkswagen AG (Xetra: VW), a Germany-based automaker, is planning to launch a pickup truck model in the United States.
The Detroit three in particular enjoyed huge gains last month in pickup truck sales over the previous year.
when Springfield police officer Rick Smith tried to stop a Toyota pickup truck at Bob Straub Parkway and Jasper Road after noticing it had a headlight out, police said.
Although the driver of the pickup truck tried to get away, Mr.
As the accompanying graph shows, there is a strong similarity in the pattern of pickup truck sales and housing starts, since the construction sector is a heavy consumer of vehicles in this segment.
Deputies said White's husband, Joseph White, 27, of Palmdale, was driving a compact sedan that turned left in front of San Pedro's pickup truck.
Pickup truck production capacity has been increased from 320,000 to 350,000 units in total, which is made up of 200,000 units in Samrong Plant, 50,000 units for Knockdown-based exports in Gateway Plant, and 100,000 units in GM Thailand.
Just now appearing in dealer showrooms is the 2001 Ford Explorer Sport Trac, a sport utility vehicle with an open rear cargo area like a pickup truck.