Yankee Bond investment & finance definition
A
bond issued in dollars in the U.S. by a non-U.S. company or bank. A Yankee bond
is payable in dollars and is registered with the Securities and Exchange Commission.
See Yankee Bond in Wall Street Words
A dollar-denominated bond sold in the United States by a foreign-domiciled issuer. U.S. investors can therefore purchase the securities of foreign issuers without being subject to price swings caused by variations in currency exchange rates. Yankee bond prices are influenced primarily by changes in U.S. interest rates and the financial condition of the issuer.
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