Money market yield


Also found in: Acronyms.

Money market yield

A bond quotation convention based on a 360-day year and semiannual coupons. See: Bond equivalent yield.

Bond Equivalent Yield

The non-annual yield of a bond expressed in annual terms. The bond equivalent yield helps an investor compare the return of a bond that pays a coupon on an annual basis with a bond with semi-annual, quarterly, or any other coupons. It is calculated thusly:

Bond equivalent yield = ((face value - purchase price) / purchase price) * (365 / days until maturity). See also: Annual Percentage Rate.
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The first generation product to obtain acceptance was adjustable rate preferred stock, a security with a dividend rate that is adjusted quarterly to reflect changes in money market yields.
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Many larger and well-capitalized credit unions are reporting very strong deposit inflows, but those with low capital levels are discouraging deposits by lowering CD and money market yields, CUNA Mutual said.
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The ten largest banks, a larger proportion of whose loans are repriced in relation to money market yields rather than the prime rate, faced the steepest decline in the average loan rate--about 180 basis points.
Recent developments affecting the profitability and practices of commercial banks
Depository institutions are likely to continue reducing their rates on retail deposits in lagged response to the steep declines in money market yields before year-end.
Statements to the Congress
Before the elections, Japanese short- and long-term money market yields had been rising slowly in the expectation that an increase in the Bank of Japan's discount rate would be announced soon afterward.
Treasury and Federal reserve foreign exchange operations

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