释义 |
yield basis Yield BasisA method of quoting a bond price in which one quotes the yield instead of the dollar amount. The yield basis is usually more useful to investors because a bond's yield determines its value.yield basis A method of quoting a bond's price in terms of its yield rather than in terms of its dollar value. Because bonds are bought and sold on the basis of yield, yield is generally a more informative measure of value than a bond's dollar price is. Treasury securities are usually auctioned on a yield basis. |