Yankee bond

noun

1. a bond issued by a foreign corporation or country designed for sale in the U.S.

Example Sentences

The sale Tuesday of a $3 billion five-year "Yankee" bond—the first U.S.-dollar-denominated offering by Canada since September 2009—was gobbled up by central banks and fund managers, pushing the country's borrowing costs to record lows.

Read more on The Wall Street Journal

Since 1974 more than 50 Yankee bond issues have been sold in the U.S., almost all by governments or organizations whose credit is government-guaranteed.

Read more on Time Magazine Archive