yield burning

yield burning
общ. фин., амер. прожигание доходности* (ситуация, когда подписчики чрезмерно вздувают цены на новые муниципальные облигации, выпускаемые для рефинансирования старых займов; так как цены и доходность меняются в противоположных направлениях, это приводит к уменьшению доходности муниципальных облигаций)
See:
refinancing

Финансовые рынки. Новый англо-русский толковый словарь. - М.: «Экономическая школа».. 2006.

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Смотреть что такое "yield burning" в других словарях:

  • Yield Burning — was a method by which major Wall Street US municipal bond dealers cheated the federal government out of millions of dollars of revenue. [http://query.nytimes.com/gst/fullpage.html?res=9D05E6DC123CF937A25757C0A9649C8B63 scp=2 sq=michael+lissack st …   Wikipedia

  • Yield Burning — The illegal practice of underwriters marking up the prices on bonds for the purpose of reducing the yield on the bond. This practice, referred to as burning the yield, is done after the bond is placed in escrow for an investor who is awaiting… …   Investment dictionary

  • yield burning — A municipal bond financing method. underwriters in advance refundings add large markups on US Treasury bonds bought and held in escrow to compensate investors while waiting for repayment of old bonds after issuance of the new bonds. Since bond… …   Financial and business terms

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  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • Michael Lissack — is a realtor and business consultant in Naples, Florida,[1] who was formerly a managing director in the municipal bond department at Smith Barney. He is notable as the whistleblower who exposed a yield burning scandal in the 1990s, whereby… …   Wikipedia

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