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Yellow Book
see Listing Rules
Yellow strip
The yellow band on a SEAQ or SETS screen which displays the highest bid and the lowest offered prices that competing market makers are offering in a security. They are known colloquially as the ‘touch’ or ‘yellow strip’ prices.
Yield
The return earned on an investment taking into account the annual income and its present capital value. There are a number of different types of yield, and in some cases different methods of calculating each type.
Yield to maturity (YTM)
Yield to maturity or YTM is the rate of return anticipated on a bond if it is held until the maturity date.
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