Word: yield
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Under the program, the federal government subsidizes the bond payments that local governments make to investors, boosting the yield by 35%. So a typical muni bond that would normally pay 4.5% yields nearly 7% if it is issued through the Build America Bond program. The higher payments don't hurt the finances of the local government, because Uncle Sam is picking up the difference. (See how Americans are spending...
...past four years. A-pluses were the “white whale” of the grading system, achievable only through a seemingly untraceable elixir of grinding work, teacher-schmoozing ability, and luck. At Harvard, an A—our highest grade—doesn’t yield that degree of respect, probably because there is a perception that we achieve quite a lot of them: In 2007, over half of Harvard grades were As or A-minuses, as reported by former Dean of the College Benedict H. Gross...
...poetry begins to do what it’s supposed to do. While good poems almost always yield to analysis, no author writes a poem for it to be analyzed. Ironically, a poem written for analysis would most likely be a bad poem, not conducive to any meaningful analysis...
...inflation? There's still a lot of risk aversion among investors, which is why the bond market is so strong. In other words, if you are fearful of stocks, you're just going to stay in the fixed-income market. But we are in a low-yield environment now, so those same investors - individuals and investment managers - are reaching out for riskier assets to get more yield. That's why you see things like junk bonds rallying. You also see commodities rallying - but that's also an expression of risk aversion. People see stocks as too risky, but they still...
...think it’s worth noting that, regardless of this tally of references in the news media, Harvard reported a record number of student applications this year, a record yield,” Galvin said. “We welcomed the most diverse freshman class in University history, and the teaching and groundbreaking research upon which its reputation rests continues to move forward...