Rytvae Consulting · Think Right · Invest Right
YTM Calculator
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Show formula & working
YTM: the yield y at which Σ C ÷ (1 + y/f)k + F ÷ (1 + y/f)N = Price · Yield to call: the same with the call price and call date
Details
How this works
YTM is the return if you buy at today's price, hold to maturity and reinvest coupons at the same yield.
For callable bonds, yield to call shows the return if the issuer redeems early.
Frequently asked questions
YTM or current yield?
YTM includes the gain or loss to maturity; current yield does not.
Is YTM the return I will get?
Only if you hold to maturity and reinvest coupons at the same yield.