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Price Value of a Basis Point

A method of measuring the price sensitivity of a fixed-income security in monetary terms. This reflects absolute change in the...

Absolute Yield Spread

The difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities....

Convexity

Though it has several meanings in different contexts, it is usually defined as a tool that measures the sensitivity of...

YEELDS

A type of equity derivative; it stands for yield enhanced equity linked security; it is a structured convertible security (equity-linked...

Yield Enhanced Equity Linked Security

A type of equity derivative; it is a structured convertible security (equity-linked note- ELN) issued by Lehman Brothers. It was...

YEELD

A type of equity derivative; it stands for yield enhanced equity linked security; it is a structured convertible security (equity-linked...

Range Accrual Note

A note that pays interest only if the floating interest rate (such as LIBOR) stays within a prespecified range. This...

Yield Value of Price Change

A measure of interest rate risk that calculates the change in yield (of a fixed-income security) in response to a...

Yield Enhancement Note

A non-principal protected product; its gives its holder an enhanced capped or fixed coupon (yield) against giving up potential upside...

YTAL

It stands for yield-to-average life; the yield which is calculated using the point at which half of the bonds (known...