The term "Yankee market" refers to the market in the United States for foreign bonds issued by non-U.S. entities. These bonds are denominated in U.S. dollars and are typically sold to American investors.

The Yankee market provides an opportunity for foreign companies, governments, and other entities to raise capital in the United States. It allows them to tap into a large pool of investors and take advantage of the deep and liquid U.S. financial markets.

By issuing bonds in the Yankee market, foreign entities can diversify their funding sources, access a broader investor base, and potentially benefit from lower borrowing costs compared to their domestic markets. It also enables them to establish a presence in the U.S. financial markets and enhance their visibility and credibility.

For U.S. investors, the Yankee market offers an opportunity to invest in bonds issued by foreign entities without the need to navigate foreign markets or deal with currency exchange risks. It provides them with a way to diversify their investment portfolios and potentially earn higher yields compared to domestic bonds.

Overall, the Yankee market plays a significant role in facilitating cross-border capital flows and fostering international financial integration by connecting foreign issuers with U.S. investors.