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Current Yield of a Bond

The actual return a bondholder will receive on the bond, based on its current market price. It is given by:...

Current Yield

The current yield on a convertible is similar to the dividend yield on a share of stock. It is calculated...

YEN

It stands for yield enhanced note; a type of mandatory convertible preferred which is typically issued at a zero premium...

Yield To The Immediate Point

The yield which is calculated using the point at which half of the bonds (known as sinking fund bonds) in...

Yield Pick-Up Swap

A bond swap that involves swapping a relatively high-price bond with a relatively low-price bond (otherwise, the two bonds are...

EBY

The yield on a discount bond that is computed in the same way the yield on a coupon bond is...

Equivalent Bond Yield

The yield on a discount bond that is computed in the same way the yield on a coupon bond is...

Coupon Equivalent Yield

The rate of return which is quoted on bonds on the basis of simple interest, i.e., without accounting for the...

Option-Adjusted Yield

The expected yield to maturity (YTM) of a bond/ note that is adjusted for an embedded option (e.g., an issuer's...

PVBP

It stands for price value of a basis point; a method of measuring the price sensitivity of a fixed-income security...