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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
"Under a 2017 rule by the Transportation and Telecommunication Ministry every taxi service, public or private, is obliged to have official identification and signage, except for pickup trucks.
My advice is that if you're in the market for a pickup truck anyway, and don't mind the 15 per cent premium over a Navara for a slightly more refined vehicle, then the X-Class is absolutely worth it.
Isuzu estimates that the 1-1.2 tonne pickup truck market in India will grow to 8 lakh units per annum by 2023, making it the largest market for these vehicles the world over.
Chevrolet and GMC expect crew cab models to account for 60 per cent of their 2014 light duty full-size pickup truck sales.
GM, which excels at making larger pickup trucks, is sounding out Isuzu on another capital alliance, but sources close to the matter told Kyodo News that the Japanese automaker is reluctant to do so.
The 24-year-old prime suspect, an Asian identified as RG, was arrested for his involvement in the theft of three pickup trucks using the same mode of operation.
It's true that the market for pickup trucks has been affected directly by the economic downturn.
The investment will support facility upgrades and supplier tooling for the production of Mazda and Ford's next generation compact pickup trucks. Once completed, this will increase Mazda and Ford's total joint investment in the AutoAlliance Thailand facility to more than US$1.85 billion since operations began in 1995.
ESKISEHIR, Apr 12, 2010 (TUR) -- A Turkish licensed pickup truck, "Turkar", will be on display at the Bauma 2010 International Business Machines Fair in Germany.
Isuzu and Mitsubishi aim to double the sales of light-duty trucks and pickup trucks in the European market from the current level of 16,000 units to 32,000 units in three years.
According to the paper, Lake Jackson began its fleet conversion with the purchase of four CNG Ford F-150 pickup trucks in 2001 and currently employs 14 pickup trucks, a Honda Civic, a forklift and six sanitation trucks all powered by natural gas.
The latest numbers from the auto industry say that every other new car driven off a dealer's lot is a "light truck," the category that includes pickup trucks, vans, and SUVs.