yield to call
yield on bond at potential call date the yield on a bond at a date when the bond can be called
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yield on bond at potential call date the yield on a bond at a date when the bond can be called
The $60 will be paid as $30 every six months. At the end of 10 years, the purchaser will have earned $600, and will also be repaid the original $1,000. Because the bond was purchased when it was first issued, the 6% is also called the “yield to maturity.”
Bruce Stout has been fund manager of the 102-year-old Murray International Trust since 2004. Since then, he has reconfigured the trust’s £1 billion investment portfolio away from developed economies and towards high-yielding equities in emerging markets. Born in Dundee in 1958, Stout was educated
By Bruce Stout
putables, structured products, etc. The presence of the embedded call option changes the convexity of the price–yield relationship.
By Steven V. Mann
It is important to realize that there is a wave of refinancing to come in the high-yield space over the next 18 months, and that will put some pressure on issuance. There is also the matter of “call dates,” which give the company the right to call the bond and refinance it at a cheaper rate
By Rod Davidson
Definitions of ’yield to call’ and meaning of ’yield to call’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’yield to call’ and other financial terms with our online QFINANCE Financial Dictionary.