• Title/Summary/Keyword: Bond Yield

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The Impacts of the Recasting of Non-precious Metal Alloy for Porcelain Fused to Metal Crowns on Strength (도재소부금관용 비귀금속 합금의 반복주조가 강도에 미치는 영향)

  • Chung, Hee-Sun;Oh, Gyung-Jae
    • Journal of Technologic Dentistry
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    • v.31 no.3
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    • pp.27-34
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    • 2009
  • This study compared and analyzed changes to the mechanical characteristics to nonprecious metal alloy for porcelain fused to metal crowns when it's repetitively used without the addition of new alloy. Metal samples were made with the Verabond V nonprecious metal alloy. Those samples to measure tensile and yield strength were made in the standardized design(ISO 22674), those to measure bond strength in the $25mm{\times}3mm{\times}0.5mm$ format, and those to measure hardness in the $10mm{\times}10mm{\times}1mm$ format. A ceramic to measure bond strength was made at the center of the metal sample in the length of $8{\ss}{\AE}$ by using Noritaker Super Porcelain EX-3. Ten samples were prepared for one, three and five repetitions of casting each. The test results were as follows: 1. The more casting was repeated, the more significantly tensile strength dropped. 2. The more casting was repeated, the more significantly yield strength dropped. 3. Repetitive casting didn't cause significant changes to bond strength. 4. The Vickers hardness significantly fell with increasing repetitions of casting. There were no changes to bond strength observed with the increasing number of repeating casting. But tensile strength, yield strength, and Vickers hardness decreased. Those results indicate that repeated casting can affect durability and that careful attention should be paid by avoiding repetitive use or excessive increase of uses when no new alloy is added.

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An Analysis on the Yield Curves for Active Bond Managements (적극적 채권운용전략을 위한 수익률곡선 분석)

  • Jeong, Hee-Joon
    • The Korean Journal of Financial Management
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    • v.25 no.2
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    • pp.1-31
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    • 2008
  • Before the financial crisis in 1997, Korean bond markets had been those of corporate bonds with relatively high market yield. During the period, most of major institutional investors tend to utilize passive strategies such as buying and holding. After the crisis, however, they could not help choosing active bond management strategies because of lowed yield level and intensified competition among the financial institutions. This study is forced on the yield curve, which is the reflection of all information on the bond investment environments. The study also make analysis on the major economic and securities market factors and its structural relationship with the shape of the curve such as level, curvature and slope. For these purposes, an empirical model based on the Nelson-Siegel Model is estimated with the data during $1999{\sim}2006$. Out-of-sample forecasting is also made to test the usefulness of the estimated model. In addition, the dependent variables which are the estimates of level and slope are estimated on the macro variables and securities market variables. VAR and SUR models are used for the estimation. Estimation results show that level and slope of the yield curve are influenced by the target call rate change, exchange rate change rate, inflation rate. These results provide practical implications for the active managements in the overall treasury bond markets.

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U-shaped reinforcement for bond splitting prevention in RC beams (고강도 전단 보강근과 비폐쇄형 보강근의 혼용에 의한 RC보의 보강 효과)

  • Kwak, Sung-Guen;Lee, Hyun-A;Yoon, Hye-Sun;Kim, Kil-Hee
    • Proceedings of the Korea Concrete Institute Conference
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    • 2006.11a
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    • pp.201-204
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    • 2006
  • The shear resistance of RC beams is subject to the amount of shear-reinforcing bars ($p_w$) and yield strength ($f_{wy}$) as well as their interactive influence ($p_wf_{wy}$). Thus, it is reasonably expected that high-strength steel bars can greatly reduce the necessary amount of shear-reinforcing bars. On the other hand, although the bond strength is influenced by the amount of shear reinforcing bars, it is not affected by the yield strength. Thus, there is often an issue that bond failure occurs before shear failure depending on the arrangement of shear reinforcing bars. It is a common practice to set sub-ties for the transverse confinement of the main re-bars as a method to prevent the bond failure. However, it can also become a factor in decreased work efficiency due to the complexity of the construction. This study experimented with simultaneous use of high-strength transverse reinforcing bars ($f_{wy}=800MPa$) and U-shaped transverse reinforcing bars of regular strength ($f_{wy}=300MPa$) in an attempt to decrease the necessary quantity of shear reinforcing bars. The effect of this attempt was investigated through fundamental experimental research in terms of the improvement in shear resistance and bond strength as well as the ease of construction.

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Implementation of bond-slip effects on behaviour of slabs in structures

  • Mousavi, S.S.;Dehestani, M.
    • Computers and Concrete
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    • v.16 no.2
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    • pp.311-327
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    • 2015
  • Employing discrete elements for considering bond-slip effects in reinforced concrete structures is very time consuming. In this study, a new modified embedded element method is used to consider the bond-slip phenomenon in structural behavior of reinforced concrete structures. A comprehensive parametric study of RC slabs is performed to determine influence of different variables on structural behavior. The parametric study includes a set of simple models accompanied with complex models such as multi-storey buildings. The procedure includes the decrease in the effective stiffness of steel bar in the layered model. Validation of the proposed model with existing experimental results demonstrates that the model is capable of considering the bond-slip effects in embedded elements. Results demonstrate the significant effect of bond-slip on total behavior of structural members. Concrete characteristic strengths, steel yield stress, bar diameter, concrete coverage and reinforcement ratios are the parameters considered in the parametric study. Results revealed that the overall behavior of slab is significantly affected by bar diameter compared with other parameters. Variation of steel yield stress has insignificant impact in static response of RC slabs; however, its effect in cyclic behavior is important.

The Empirical Evidence on Government Bond Market Integration in East Asia

  • Liu, Lian
    • East Asian Economic Review
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    • v.20 no.1
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    • pp.37-65
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    • 2016
  • This research intends to investigate the progress made in East Asian bond market integration thus far. Price-based measures (AAD indicator and beta-convergence measure), quantity-based measures and econometric techniques (co-integration test, error correction model based Granger causality test) are employed in the analysis. Even though East Asian government bond markets have become more integrated since 2001, the differentials among the markets still remain significantly high. The bond market integration process seems slow. The convergence of bond markets sped up in 2003 and after the 2008 world financial crisis, implying the important role of government policies in integrating the regional bond markets. East Asian bond market integration may need more government-directed measures.

Analysis about relation of Long-term & Short-term Financial Market, Stock Market and Foreign Exchange Market of Korea (한국 장단기 금융시장, 주식 및 외환시장 연관성)

  • 김종권
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.22 no.50
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    • pp.105-125
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    • 1999
  • The results of analysis on foreign exchange market, stock and financial market after January of 1997 are that foreign exchange market will be affected by stock and financial market volatility about 1999. This means that stock and financial market are more stable than foreign exchange market. This also is supported by ‘financial market forecast of 1999 in Daewoo Economic Research Institute’. After won/dollar (end of period) will be increasing in 1,430 at second quarter of 1999, this is to downward 1,200 fourth quarter of 1999. This is somewhat based on government's higher exchange rate policy. But, after yield of corporate bond is to 11.0% at first quarter of 1999, this will be stable to 10.2% at fourth quarter. During the first quarter of 1999, yield of corporate bond is to somewhat increasing through sovereign debt and public bonds, technical adjustment of interest rate. After this, yield of corporate bond will be stable according to stability of price, magnification of money supply, restucturing of firms. So, stock market is favorably affected by stability of financial market. But, the pension and fund of USA, i.e., long-term portfolio investment fund, are injected through international firm's management. It is included by openness of audit, fair market about foreign investors. Finally, Moody's strong rating on the won-denominated bonds suggest that Korea's sovereign debt ratings could be restored to an investment grade in the near future. It sequentially includes inflow of foreign portfolio investment fund, fall of won/dollar foreign exchange rate (appreciation of won) and stability of yield of corporate bond.

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A Study on the Investment Effect of Convertible Bond (전환사채의 투자효과에 관한 연구)

  • Kim, Sun-Je
    • Journal of Industrial Convergence
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    • v.18 no.5
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    • pp.1-13
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    • 2020
  • The purpose of this study is to find out how much the investment effect of convertible bond(CB) is from the perspective of investors and to present efficient investment plans to investors. The research method is to investigate the coupon interest rate, maturity interest rate, conversion price, etc. for CBs. As a result of the study, it was analyzed that CB's investment efficiency was low because the conversion price excess days ratio was only about 1/4 of the conversion date. The conversion day yield was -6.3% and the maturity day yield was -5.2% on average. It was analyzed that the number of stocks with negative conversion day yield was 2.4 times higher than the number of positive stocks and 3.7 times higher than the number of positive stocks with a maturity day yield, so the expected return on equity conversion of CB was low.

IEEE 1500 Wrapper Design Technique for Pre/Post Bond Testing of TSV based 3D IC (TSV 기반 3D IC Pre/Post Bond 테스트를 위한 IEEE 1500 래퍼 설계기술)

  • Oh, Jungsub;Jung, Jihun;Park, Sungju
    • Journal of the Institute of Electronics and Information Engineers
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    • v.50 no.1
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    • pp.131-136
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    • 2013
  • TSV based 3D ICs have been widely developed with new problems at die and IC levels. It is imperative to test at post-bond as well as pre-bond to achieve high reliability and yield. This paper introduces a new testable design technique which not only test microscopic defects at TSV input/output contact at a die but also test interconnect defects at a stacked IC. IEEE 1500 wrapper cells are augmented and through at-speed tests for pre-bond die and post-bond IC, known-good-die and defect free 3D IC can be massively manufactured+.

Bond strength of reinforcement in splices in beams

  • Turk, Kazim;Yildirim, M. Sukru
    • Structural Engineering and Mechanics
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    • v.16 no.4
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    • pp.469-478
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    • 2003
  • The primary aim of this study was to investigate the bond strength between reinforcement and concrete. Large sized nine beams, which were produced from concrete with approximately ${f_c}^{\prime}=30$ MPa, were tested. Each beam was designed to include two bars in tension, spliced at the center of the span. The splice length was selected so that bars would fail in bond, splitting the concrete cover in the splice region, before reaching the yield point. In all experiments, the variable used was the reinforcing bar diameter. In the experiments, beam specimens were loaded in positive bending with the splice in a constant moment region. In consequence, as the bar diameter increased, bond strength and ductility reduced but, however, the stiffnesses of the beams (resistance to deflection) increased. Morever, a empirical equation was obtained to calculate the bond strength of reinforcement and this equation was compared with Orangun et al. (1977) and Esfahani and Rangan (1998). There was a good agreement between the values computed from the predictive equation and those computed from equations of Orangun et al. (1977) and Esfahani and Rangan (1998).

Efficient Pre-Bond Testing of TSV Defects Based on IEEE std. 1500 Wrapper Cells

  • Jung, Jihun;Ansari, Muhammad Adil;Kim, Dooyoung;Park, Sungju
    • JSTS:Journal of Semiconductor Technology and Science
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    • v.16 no.2
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    • pp.226-235
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    • 2016
  • The yield of 3D stacked IC manufacturing improves with the pre-bond integrity testing of through silicon vias (TSVs). In this paper, an efficient pre-bond test method is presented based on IEEE std. 1500, which can precisely diagnose any happening of TSV defects. The IEEE std. 1500 wrapper cells are augmented for the proposed method. The pre-bond TSV test can be performed by adjusting the driving strength of TSV drivers and the test clock frequency. The experimental results show the advantages of the proposed approach.