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 ?
Many automakers watched as the market for small pickup trucks shrank by nearly 80% since 2000.
Complete report on global pickup trucks market spread across 122 pages, profiling 11 companies and supported with 195 tables and figures is now available at http://www.
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.
It is a perfect compliment to International's other pickup trucks, the International([R]) RXT([R]) Hauler and International([R]) CXT([R]).
Nissan is the world's second-biggest 1-ton pickup truck maker and has been building and selling 1-ton pickups for more than 80 years.
In South Africa, Toyota will begin producing pickup trucks and SUVs in 2005 and plans to produce 60,000 cars annually, including 30,000 units made for export.
5 million Heavy Duty diesel pickup trucks and today enjoy around 30 percent market share in this highly competitive market in North America.
Without the Ford Taurus (which remains Ford's best selling car through November 2006), pressure on its pickup truck volumes, and continuing erosion in the SUV segment indicate that Ford's market share will continue to deteriorate.
Sell your pre-owned pickup truck to Matt Ford for top dollar
He's just crazy,'' said painter Jose Velasco, into whose pickup truck the man had climbed after pulling a gasoline can out of the truck's cargo bed.
announced Thursday that it plans to introduce a new type of vehicle combining elements of a sport-utility vehicle (SUV) and a pickup truck in January in a bid to break into the booming U.
We are very proud to be an integral part of carrying forward the reputation for the Dodge Ram Heavy Duty pickup truck for its strength and durability with the all-new 6.