Glossary

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Yankee Bond

    A dollar-denominated bond issued in the US by a non-U.S. borrower.
Yelling Markets
    Also referred to as "public outcry," refers to markets where transactions involve the yelling of prices and quantities, just as in the movies.
Yield to Maturity (YTM)
    The rate of return the investor will earn if the bond is held to maturity.
Yield Curve
    The return on debt securities with different maturities, for a level of default risk.
Yield to Maturity (YTM)
    The market interest rate on a bond. It is the yield an investor would receive in the bond is held to maturity.