**Yankee market**- The foreign market in the United States.
**Yield curve**- The graphical depiction of the relationship between the yield on bonds of
the same credit quality but different maturities.
*Related:*Term structure of interest rates **Yield curve option-pricing models**- Also called arbitrage-free option-pricing models, models that can incorporate different volatility assumptions along the yield curve, such as the Black-Derman-Toy model.
**Yield curve strategies**- Positioning a portfolio to capitalize on expected changes in the shape of the Treasury yield curve.
**Yield ratio**- The quotient of two bond yields.
**Yield spread strategies**- Strategies that involve positioning a portfolio to capitalize on expected changes in yield spreads between sectors of the bond market.
**Yield to call**- For a bond that may be called prior to maturity, the yield to the first call date.
**Yield to maturity**- The interest rate that will make the present value of a bond's remaining cash flows (if held to maturity) equal to the price (plus accrued interest, if any).
**Yield to worst**- The bond yield computed by always using the lower of either the yield to maturity or the yield to call on every possible call date.

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