money market yield
(MMY)
Noun
The total return on money market instruments equal to the increase (decrease) in value of an instrument above (below) its purchase price plus any investment income based on a 360-day year, without compounding – essentially the holding period yield (HPY) adjusted to a 360-day basis.
Synonym(s):
- CD-equivalent yield.
Leave A Comment
You must be logged in to post a comment.