PRIMARY MARKET
Auction Stop-Out Yield
The yield at which a competitive securities auction clears under the auction's rules.
Market use
Allocation mechanics differ by issuer and auction format.
What it means
The yield at which a competitive securities auction clears under the auction's rules.
Example
The stop-out level can become a reference for secondary-market analysis.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.