Yellow Sheets

AAA

DEFINITION of 'Yellow Sheets'

A United States bulletin that provides updated bid and ask prices as well as other information on over-the-counter (OTC) corporate bonds (also called "corporate"). Companies issue corporate bonds to raise money for capital expenditures, operations and acquisitions. Similar to the Pink Sheets that track non-exchange-traded OTC micro-cap stocks, the yellow sheets are a key source of information for investors who follow OTC bonds or fixed income securities. The yellow sheets also provide a list of brokerages that make a market in the particular bonds. Today's investors can still receive hard copies of the yellow sheets. However, the information is also available in electronic form.

INVESTOPEDIA EXPLAINS 'Yellow Sheets'

The National Quotation Bureau (NQB), established in 1913 to provide investors with information regarding OTC stocks and bonds, for decades published pink sheets and yellow sheets (named for the color of the paper on which each was printed). Stock quotes appeared on the Pink Sheets, and bond quotes were published on the yellow sheets. The NQB has since changed its name to Pink Sheets LLC and most recently to OTC Markets Group, Inc. The U.S. Securities and Exchange Commission (SEC) considers OTC Markets Group, Inc. to be a non-exclusive securities information provider, and not a stock exchange.

RELATED TERMS
  1. Ask

    The price a seller is willing to accept for a security, also ...
  2. Bid

    1. An offer made by an investor, a trader or a dealer to buy ...
  3. Blue Sheets

    Requests for information sent out by the Securities and Exchange ...
  4. Bond

    A debt investment in which an investor loans money to an entity ...
  5. Over-The-Counter - OTC

    A security traded in some context other than on a formal exchange ...
  6. Pink Sheets

    A daily publication compiled by the National Quotation Bureau ...
Related Articles
  1. What Is A Corporate Credit Rating?
    Investing Basics

    What Is A Corporate Credit Rating?

  2. Junk Bonds: Everything You Need To Know
    Bonds & Fixed Income

    Junk Bonds: Everything You Need To Know

  3. The Advantages Of Bonds
    Investing

    The Advantages Of Bonds

  4. Corporate Bonds: An Introduction To ...
    Bonds & Fixed Income

    Corporate Bonds: An Introduction To ...

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center