yankee bond

Yankee Bond

A bond denominated in U.S. dollars and issued in the United States by foreign banks and corporations.

Investopedia Commentary

This type of a bond is known as a foreign bond.

Related Links

Bond Basics Tutorial

See also: Bond, Bulldog Bond, Dragon Bond, Foreign Bond, Matilda Bond, Samurai Bond

Yankee bond

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.