Sentences with phrase «term equivalent yield»

The term equivalent yield (EV) is typically associated with the valuation of reversionary freeholds, a term normally found in UK valuation literature.

Not exact matches

We believe that long - term tax - free municipal bonds that offer near - 4 % yields (a 6.62 % taxable equivalent at today's top rate and 6.15 % even at the new proposed top rate of 35 %) still offer superior value.

Because most wealthy Chinese seem to think about RMB in terms of USD or Hong Kong dollars, it is the fear that any depreciation of the RMB against those two currencies (the Hong Kong dollar is pegged to the USD through a modified currency board) greater than the couple of percentage points interest rate differential would yield less than equivalent USD or Hong Kong dollar bonds.

Today's three choices would provide an after tax (for most taxpayers) yield equivalent to the long term return of the S&P 500.

Using Robert Shiller's monthly data for U.S. stock market returns, associated P / E10, short - term bill yields (six - month commercial paper / one - year U.S. Treasury notes) and long - term bond yields (10 - year U.S. Treasury notes or equivalent) during 1871 through 2013, they find that: Keep Reading

They use yields on local Treasury bills (T - bills) or equivalents to approximate short - term interest rates and make some adjustments to account for government defaults.

As an example, Lamont points out that, early this year, five - year bonds issued by the big Canadian banks were yielding more than 6 % — more than four percentage points above Government of Canada bonds of equivalent term.

The present value of the principal outstanding at the date of maturity is calculated at an interest rate differential discounted at the «Yield of Government of Canada Bonds» on the market with the equivalent term to maturity plus 0.90 %.

A callable bond with a call price based on the greater of (a) par or (b) the price based on the yield of an equivalent - term Government of Canada bond plus a specified yield spread.

Points redemption options that always yield cold, hard cash (or equivalent, such as booked travel) at a defined & consistent rate above 1 point to 1 cents give you enhanced cash back, a term I just made up.

The fund had major equivalent positions in the Vanguard Mortgage - Backed Securities ETF (VMBS), SPDR ® Barclays Intermediate Term Corporate Bond ETF (ITR), iShares Intermediate Credit Bond ETF (CIU), Vanguard Intermediate - Term Corporate Bond ETF (VCIT), Schwab U.S. Aggregate Bond ETF ™ (SCHZ), and PIMCO 0 - 5 Year High Yield Corporate Bond Index ETF (HYS).

As such, a 20 - year municipal bond that yields 2.5 % to an investor in a 25 % tax bracket, or a 3.3 % tax - equivalent yield, would merely keep pace with inflation through the term of the bond.

The big daddy is a Vanguard offering, 4x bigger at $ 2bln +; Vanguard NJ Long - Term Tax - Exempt Inv., VNJTX, yielding 3.46 % (Federal and NJ tax exempt) which may seem paltry, until you calculate the taxable equivalent basis (TEB).

Domestic common stocks Foreign common stocks Domestic bonds (investment grade, not junk) Foreign bonds High - yield (aka junk) bonds Cash - type assets (cash equivalent) Longer - term fixed - dollar (guaranteed principal) assets Investment real estate Other tax - sheltered investments Convertible securities Gold and other precious metals Collectibles Other assets

«Right now there are fantastic opportunities in municipal bonds... I have locked in... long - term high - quality municipal bonds yielding the taxable equivalent of 11 % to over 12 %!

We like Series I savings bonds for the combination of inflation protection and tax advantages — and the accompanying boost in terms of tax equivalent yield.

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On the narrow issues of the «effective equivalence» of the two methods and whether the alternate was «tested in the paper»: in general terms, the two methods are clearly not «effectively equivalent», though this doesn't exclude the possibility that, by coincidence, they yielded similar results in a particular case, but this would have to be demonstrated.

In case that the capital value of the reversionary freehold is not known and we want to use the EV method to value it then the equivalent yield used must represent the overall return required by investors in the local marketplace for comparable reversionary freeholds both in terms of lease terms as well as property use and location.