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.

Click here for Finance Glossary Search Index
Click here for Campbell Harvey's Home Page