11 Yield on outstanding fixed-income securities
The yield on bonds outstanding is the average yield on fixed-income securities of domestic issuers, where the yield depicts the actual annual remuneration. To calculate the average value, the yields of the individual securities are weighted by their amounts outstanding (total volume sold). The calculation includes only bonds with an original maturity of more than four years and a residual maturity of more than three years. Yields on bonds outstanding are widely regarded indicators of interest rate movements and are often used as reference measures in legal settings and by the banking industry.