Laserfiche WebLink
2 <br /> YIELD BASIS - Stated in terms of yield as opposed to price.As yield increases for a traded <br /> issue, price decreases and vice versa. Charts prepared on a yield basis appear exactly <br /> opposite of those prepared on a price basis. <br /> YIELD SPREAD -The variation between yields on different types of debt securities; generally <br /> a function of supply and demand, credit quality and expected interest rate fluctuations. <br /> Treasury bonds,for example, because they are so safe,will normally yield less than corporate <br /> bonds.Yields may also differ on similar securities with different maturities. Long-term debt, <br /> for example, carries more risk of market changes and issuer defaults than short-term debt <br /> and thus usually yields more. <br /> ZERO-COUPON BONDS -Securities that do not pay interest but are instead sold at a deep <br /> discount from face value.They rise in price as the maturity date nears and are redeemed at <br /> face value upon maturity. <br /> - <br /> 13 City of Everett Investment Policy(2017) <br /> 27 <br />