Word: yielded
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...their monthly payments. These pools were cut into tranches with each tranche carrying a probability of how many mortgages in it would pay out to maturity and how many would fail. After these calculations were made, they were sold to banks, brokerage firms, and other financial institutions as high-yield paper. The major credit agencies gave these securities "Aaa" ratings based, in part, on the fact that nationwide home prices had not dropped in any year since The Great Depression. The notion that pools of subprime mortgages could be rated "Aaa" under any circumstance is astonishing...
...flow of his payments into the mortgage pool stopped. The differential between the real world and the Wall St derivative model moved off center by a fraction of a millimeter. Another person within the same pool defaulted the next day, and quickly the mortgage pool lost the financial yield characteristics that it was supposed to have. Tranches began to change in value, one by one. A small snow ball turned into an avalanche. On the day of this first unexpected default, the value of the other homes in its neighborhood ticked down a fraction. With each default that occurred, this...
...year and sold it on the February 2010 contract, it would make more than $22 per barrel, excluding the costs of the operation. This represents a greater than 60% gross return! Since interest, storage and delivery costs should amount to significantly less than the $22 spread, the venture would yield a virtually riskless profit, or arbitrage. When the February contract ended trading in late January, an enormous opportunity still existed for arbitrageurs...
...result have relied more and more on these rankings. The central role that these rankings play, however, can lead students to make their college decision based on a superficial ranking rather than by determining which school is the best match. This is especially true in the case of the yield statistic, which Dean Fitzsimmons commented was a “slippery figure in many ways,” and is not a good indicator of a school’s popularity or whether it is a good fit for students. Instead of referring to these rankings, students should do their...
...would not put it past this President and his team to have calculated that this engorged House bill was precisely what the system would yield; that the Republicans would oppose it out of both principle and politics; that there would come a moment, once all the Old Bulls had had their say, for the new President to ride in to the rescue and actually fulfill his promise of "change we can believe in by turning this into a bill we can actually live with. Maybe he is building to a denouement, when a President who promised to make hard decisions...