Yankee Bond Markets Law and Legal Definition
Yankee bond markets are markets that trade dollar-denominated bonds issued in the U.S. by foreign banks and corporations which meet the standards set by the Securities and Exchange Commission. These markets help investors in the U.S. to participate in market deals that involve corporations, banks, and governments that are not headquartered within the country. The Securities Act of 1933 sets the standards that must be met by foreign corporations before any bond issue can take place. The bonds should also be registered with the Securities and Exchange Commission.