MONEY MARKET YIELD
Yielded interest rate by investing in securities that have high liquidity and maturities less than a year like negotiable certificates of deposit (CD), Treasury bills, and municipal notes. To compute, get the holding period yield and multiply it by a 365-day bank year; and then divide it by maturity days. It can also be calculated by using bank discount yield.
Also called CD-equivalent yield.
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Transaction
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Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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