Business and Personal Finance Dictionary

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• YANKEE BOND
  
  Yankee bonds are bonds issued in dollars in the US by overseas companies and governments. The purpose is to raise more money than the issuers may be able to borrow in their home markets, either because there is more money available for investment in the US, or because the interest rate the issuers must pay to attract investors is lower. US investors buy these bonds as a way to diversify into overseas markets without the potential drawbacks of currency fluctuation, foreign tax, or different standards of disclosure that may be characteristic of other markets.
  
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