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.

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Where pick-ups score is on the big open load area that can carry motorcycles, bicycles, small boats, surf boards and the like.

Surprising species; Every boring motoring job is an adventure aboard this comfy yet very purposeful workhorse, writes RUSSELL BRAY

With payloads of more than one tonne pick-ups are treated as light goods vehicles with a taxable flat rate of just pounds 500.

Executive Motoring: Double cabs creating interest

Among European car-makers, Volkswagen has said it may build a big pick-up for the US market, probably from its South Carolina plant next year.

Motor town facing truck invasion

Pick-ups are bought by those who can take advantage of their business-orientated tax advantages, whilst also putting them to everyday on-road use, such as the school run or shopping.

PICK-UP NISSAN'S NEWCOMER IN JANUARY

Established in 1984, Great Wall Motors, is one of the largest manufacturers and exporters of pick-ups, sport utility vehicles and saloons in China.

Holmfirth dealer chosen for range from China

Isuzu shifts engineering activity for new pick-ups from Japan

Meanwhile, following the recent disastrous Euro NCAP crash test results for Nissan's Navara pick-up the company has announced the reintroduction of its "legendary workhorse pick-up model" the NP300.

Rivalry picks up again; Mitsubishi and Nissan go head-to-head in workhorse market

When combined with 13,000 registrations of the entry-level Nissan pick-up the market share increases to a third.

Nissan pick-up is tops

ONE of the world's most popular pick-ups has undergone a number of changes to the lineup, the most significant being the introduction of a "stretch cab" version.

Three-million-selling pick-up given a stretch cab; EXECUTIVE MOTORING - MAZDA: B-Series can rightfully claim to be one of the most enduring commercial vehicles

Though the spearhead for its move into the Asia-Pacific region, Nissan also will sell re-badged versions of Renault's Master, Trafic, and Kangoo in Europe, as well as a Brazilian-built version of its own Frontier pick-up in Mercosur.

Renault and GM Target the Light Truck Market. (Euro Auto)

Pick-up trucks are changing - they're getting getting bigger, faster and more luxurious - but Americans' devotion to the four wheelers is becoming an auto industry constant.

Praise for hamburger of the US highway

VOLKSWAGEN has scooped top honours for its rugged Amarok model in the booming pick-up market, which is showing some of the biggest sales increases of any sector in the last decade.