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Glossary Finance & Markets

Yield

The income an investment returns, expressed as a percentage of its price. Bond yields move inversely to bond prices, which is why falling yields mean a rally.

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Deflation

A sustained fall in the general price level. It sounds welcome but tends to delay spending…

Embargo

An agreement not to publish information before a stated time, so outlets can prepare coverage of…

Referendum

A direct public vote on a single question. Whether the result binds the government depends on…

Large language model

A model trained on vast amounts of text to predict what comes next, which turns out…

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