Yellow sheets are the bulletins that contain information about the price of corporate bonds on over the counter (OTC) market. In yellow sheets, you can get the information about the bond's high, low, closing price, yield, bid price, and ask price. Over the counter market is a decentralized way of trading securities. Dealers on the OTC market do not need a central exchange or a physical location to buy and sell securities. Yellow sheets provide all information related to bonds which makes a market for these securities. Yellow sheets are available in hard copies or online for subscribers. To buy a particular bond subscriber can use the contact information which is given in the yellow sheets to contact the brokerage. Yellow sheets are same as the pink sheets and serve the same purpose. Yellow sheets provide the information on bonds which are issued by the companies which are not listed on the national stock exchange. These non-listed companies may be small or establishing themselves or may not meet the listing requirements of national exchanges. But they can sell the bonds in OTC market to raise the funds for operations. By listing bonds in yellow sheets these companies reach to a broad audience who can invest in their company. However, bonds which are listed in yellow sheets are considered riskier than other fixed income securities. Some of the risk factors which an investor can consider before investing in these bonds are � The company is under established for listing on the national exchange � The company may fail to pay or default at the time of maturity � These bonds will not be traded actively because of the small market for these bonds. So when the bondholders want to sell the bond it may take time to find a buyer.