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 ?
The statement from the unnamed spokesperson - who also declined to confirm that the first pickup truck offering will be based off of the Santa Cruz concept - coincides with what (https://www.
Production of pickup trucks suffered a similarly gut-wrenching decline, from 2.
Few states have laws concerning passengers riding in the back of a pickup truck.
What started as a college project for Levine grew into a life-long passion for pickup trucks.
The fact that contractors are buying new pickup trucks indicates an uptick in new housing starts.
The recall covers three types of pickup trucks, including certain 1997 through 2004 F-150 models, the NHTSA said.
light vehicle sales and production in general, but one of the most painful aspects for the Big Three might be the state of the pickup truck market.
Isuzu Thailand has held top market share in commercial vehicles segment for 23 consecutive years and top market share in pickup trucks segment for 10 consecutive years.
Jessica Linn was riding in a pickup truck Saturday night that was hit by another pickup that ran a stop sign, and Odis Fort was driving a compact car that ran head-on into another car Sunday afternoon on a two-lane road, California Highway Patrol officials said.
It is a perfect compliment to International's other pickup trucks, the International([R]) RXT([R]) Hauler and International([R]) CXT([R]).
The firm said that it was recalling 690,000 Tacoma pickup trucks in the United States to fix a suspension system flaw that could result in vehicle fires.
said Tuesday it will begin sales of its Thai-made D-MAX pickup truck in Russia in February, expecting to sell 1,000 vehicles in the initial year and 5,000 in the third.