Yield burning
An illegal practice in which an Underwriter places excessive markups on bonds used to complete some types of Municipal bond offerings. By marking up the price, the Yield will fall, which is known as "burning" the yield.
An illegal practice in which an Underwriter places excessive markups on bonds used to complete some types of Municipal bond offerings. By marking up the price, the Yield will fall, which is known as "burning" the yield.