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 ?
Pickups generally can be characterized by a resonant frequency and Q value.
It's true that the market for pickup trucks has been affected directly by the economic downturn.
With the new pickup, Isuzu wants to expand its share in the Thai market and outdo Toyota Motor Corp.
1 percent of the combined car/truck industry, the total pickup market has declined as large pickups were unable to offset the again declining compacts, particularly in recent months as the large units began to lose share.
The new feature for LTL shipments provides customers visibility of the pickup process by confirming when a pickup is scheduled, informing them when the UPS Freight driver is en-route to the pickup location and notifying them when the pickup is made.
Not only does the Dialtone Pickup essentially eliminate the need to physically change a guitar's pickups to achieve drastic variations in tone, but it provides players with quick and easy access to the true tone of their guitar.
This lack of relationship is particularly true for pickup trucks because there are few substitutes for their functionality, whereas SUV users might be better able to turn to a more fuel-efficient alternative if they felt inclined to do so.
We treat takeout like a separate business,'' says Mary Harrigan, co- owner of StoneFire Grill, where a large expanse of space in the restaurant is devoted to takeout, which has a separate entrance for pickup.
Pickup dates: Through Sunday in Eugene-Springfield area.
UPS Smart Pickup(sm) is the latest in a series of UPS's Decision Green[R] efforts and is designed for customers who want the convenience of a scheduled pickup but who may not ship a package every day.
And, as a direct drop-in replacement for current humbucker pickups, Dialtone's infinitely tone-adjustable pickup will make the switch to a vastly better sound that much quicker and easier.
This same sort of franticness seems to be associated with the 2007 Toyota Tundra pickup truck, at least in Detroit.