What is the meaning of Pickup?

Pickup is the gain in yield that occurs when a block of bonds is swapped for another block of higher-coupon bonds.

Barry Goldsmith
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APABarry Goldsmith. (2010). pickup. Retrieved September 20, 2026, from http://smartdefine.org/pickup/definitions/1160575
ChicagoBarry Goldsmith. 2010. "pickup" http://smartdefine.org/pickup/definitions/1160575 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, pickup, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/pickup/definitions/1160575>.
MLABarry Goldsmith. "pickup" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/pickup/definitions/1160575>
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