what does "pick-up" in yield mean?
I am not a native english sprachler, could anyoine please explain what “pick-up” means in the following sentences? Thanks
For the dollar-denominated portfolio, hedging the Greek bond into USD would “pick up” 0.625% (the opposite of hedging USD into EUR).
(Institute, 5/2018, p. 229)
Institute, C. (5/2018). 2019 CFA Program Curriculum Level III Volume 4 [VitalSource Bookshelf version]. Retrieved from https://bookshelf.vitalsource.com/books/9781946442468
If the manager sees the pick-up in yield for buying 15-year rather than 5-year bonds is average, but the manager forecasts a large increase in 15-year bond issuance, she may expect the spread to increase and overweight the 5-year sector now.
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