Meaning & use
Yankee bonds
Last updated
Meaning
nounusually pluralfinancetechnical
Bonds sold in the United States and paid in US dollars by a foreign company, bank or government.
Grammar: Usually plural and countable: Yankee bonds are popular with foreign borrowers.
Patterns
- issue Yankee bonds
- a Yankee bond issue
The Canadian utility raised cash by selling Yankee bonds in New York.
Investors who want foreign issuers without currency risk sometimes buy Yankee bonds.
Several European banks issued Yankee bonds last year to tap US demand.
Word forms
| singular | Yankee bond |
|---|
Common combinations
- issue Yankee bonds
- The government plans to issue Yankee bonds next spring.
- Yankee bond market
- The Yankee bond market reopened after months of calm.
- Yankee bond offering
- The firm announced a large Yankee bond offering.
- buy Yankee bonds
- Pension funds often buy Yankee bonds for steady income.
Synonyms and how they differ
- foreign bonds
- Foreign bonds is the general term for debt sold in another country's market, while Yankee bonds are those sold specifically in the US.
- dollar bonds
- Dollar bonds can be issued anywhere, but Yankee bonds are sold within the US market.
Word family
- Samurai bonds noun
- yen bonds sold in Japan by foreign issuers
- Bulldog bonds noun
- sterling bonds sold in Britain by foreign issuers
- Eurobonds noun
- bonds sold outside the currency's home country
Commonly confused: Yankee bonds or Eurobonds?
Yankee bonds vs Eurobonds
Eurobonds are sold outside the country of their currency, whereas Yankee bonds are sold inside the US and are in dollars.
Practice
A Brazilian company that sells dollar-denominated debt to investors in New York is issuing ______.
Choose one answer.
Yankee bonds are dollar bonds sold in the US by foreign issuers. Samurai and Bulldog bonds belong to the Japanese and British markets.
Make it your own
Write a sentence using “Yankee bonds”, then check it and compare it with the examples above.